At one time, Exyte, which works on data centres and pharma plants, was raking in more than €1bn in Ireland. As long-term projects conclude, the company is on the hunt for new business.
The company makes power systems for data centres and was bought last year by Legrand. New accounts show revenue was soaring at the time, and now its make-up is transforming.
From its base in Dublin's Inchicore, Lynskey Engineering has grown into a key player across Europe. Following its sale to the Dussmann Group, CEO Sean McElligott talks about the company’s history, how the deal came about, and its future.
The firm, which generates €54.6m in annual revenue on aircraft repair and maintenance, wrote to the higher education minister, calling current training schemes “too rigid”.
The Waterford firm has acquired Scottish engineering firm Taylor & Fraser as it eyes up energy and data-centre projects in the UK.
Specialist recruitment firm SilverBack provided skilled technicians to Northvolt’s gigafactory. It is now monitoring the Swedish company’s bankruptcy and restructuring.
Jamie O’Rourke, the CEO of the Cork electrical engineering firm, is retaining control of the business after agreeing on a deal with the firm’s examiner. The deal protects 51 jobs and sees the injection of €3.5m into the business.
Davenham Switchgear, founded over 40 years ago, was acquired recently by France’s Legrand in yet another deal this year by international investors taking stakes in data centre-focused firms.
The private equity firm backed the Dublin-based engineering contractor Eastland Engineering Supplies five years ago and has now sold it to US player Vallen.
While the Dublin engineering group took several years to find a buyer, its business expanded faster than anticipated. Its existing shareholders are being handsomely rewarded.
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