SHERMAN, Texas (KTEN) — Two more global tech companies will soon be doing business in Sherman.

The deals were confirmed after Tuesday's meeting of the Planning and Zoning Commission.

A 10-acre plot at the corner of Howe Drive and Dorset Drive will be divided between the two firms: Israel-based Perseys and Tokyo Electron from Japan.

"It's very important; it represents the world cutting-edge technology that's being located, being built, right here in Sherman," said Sherman Economic Development Corporation president Kent Sharp. "The new additions will bring approximately 120 jobs. "

One company will build a 50,000 square foot building, and the other will establish a 20-30,000 square foot facility.  The land was purchased by SEDCO back in 2020; a closing date has not been finalized.

The plots sold for $900,000 combined.

"This particular tract of land was only 10 acres," Sharp said. "It's in an industrial park that has the minimum requirements are smaller, so we had to work through a couple of details, but it all worked out."

Along with the new companies, SEDCO is looking to expand Dorset Drive with aprons to accommodate traffic.