Engineering group Entegro to create 100 jobs
Summarized and contextualized by DistantNews.
At a glance
- Irish engineering firm Entegro has acquired renewable energy company ACEL Energy.
- The acquisition will lead to the creation of a new entity, Entegro Energy, and an increase in Entegro's workforce.
- Entegro aims to expand its revenue to over โฌ100 million in the coming years.
Irish engineering group Entegro announced Thursday its acquisition of renewable energy company ACEL Energy, a move expected to create 100 new jobs and significantly boost the company's workforce and revenue.
The board and I welcome the ACEL team to the Entegro group.
The deal will establish a new entity, Entegro Energy, which will combine complementary capabilities in the design, commissioning, and operation of power systems and storage at scale. This strategic integration aims to enhance Entegro's service offerings and build upon its existing partnership with Nahanagan Electrical, a high and medium-voltage engineering firm.
Entegro, which has seen its revenue grow to over โฌ60 million, plans to reach more than โฌ100 million in the coming years. John Rooney, Group CEO of Entegro, welcomed the ACEL team, highlighting the acquisition as a milestone in building a multi-utility business across telecoms, power, and infrastructure to meet growing demands in Ireland and beyond.
This is another milestone for Entegro as we continue to build a multi-utility business across telecoms, power and infrastructure to meet the demands of Ireland and beyond.
Barry Sherry, Managing Director at ACEL Energy, expressed enthusiasm for joining Entegro, stating it provides an exciting platform to scale engineering-led renewable generation and storage. He assured existing clients that their commitment remains stronger following the integration.
It is an exciting platform to be part of, and our commitment to our existing clients is only stronger for it.
Originally published by RTร News. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.