79 jobs are to be created at a medical devices company in Carrick-on-Shannon in Co Leitrim.
Vistamed already employs 93 people. The new jobs are part of a €7.2m investment in research and development.
Established in 1998, VistaMed designs, develops and manufactures of complex catheters and other medical devices. It has two manufacturing plants, in Carrick-on-Shannon and Rooskey.
Enterprise Ireland is supporting the investment. The Minister for Jobs, Enterprise & Innovation Richard Bruton welcomed the announcement, as it came from an Irish company in a regional location.
"In order to create the jobs we so badly need we must not only deliver high levels of multi-national investment, but also create an indigenous engine of growth by driving a step-change in the performance of our domestic exporters," he said.
Minister Bruton also said there was strong interest by several parties in the acquisition of the Bank of America's MBNA credit card business in Carrick-on-Shannon. He said he was very encouraged by the calibre of those attempting to take over the firm.
Mr Bruton said it was early days in the process but it was in the Government's interest to ensure that whatever bid emerged had a commitment to Carrick-on-Shannon.