Ergo, the Irish-owned IT services company, has appointed corporate finance advisors to sell a significant stake in the business.  Finance house Clearwater has been appointed to advise on the process. Already, there is significant interest from Britain and the United States in the business, which was established in 1993 as a two-man operation selling toner for printer cartridges and has grown to revenues of €216 million. The business is majority owned by co-founder and serial entrepreneur John Purdy, who stepped back as chief executive in 2021 to become chairman. Geographically, some 70 per cent of Ergo’s business is based in…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .