SHINE Medical Technologies announced this week that it is moving its headquarters from Monona, Wis., to Janesville, Wis., later this year.

According to a release, all of SHINE’s employees will relocate to the new headquarters as the company prepares for construction of its medical radioisotope production facility located six miles away.

“Our entire team is excited about this move. The relationship between the City and SHINE has always been a top priority, and now it’ll be home,” SHINE CEO Greg Piefer said in a statement. “Janesville has great momentum right now, and we’re thrilled to be contributors, especially the revitalization of the downtown riverfront area, an iconic part of the city.”

SHINE announced that it is expected to grow to more than 60 employees next year, and it will employ 150 people at its production facility.