The acquisition advances Ayesa’s idea to grow to be English-speaking markets.
ByrneLooby’s management crew will stay in set aside following the transaction. The acquisition designate became no longer disclosed.
Founded in 1998, ByrneLooby has employs bigger than 225 workers in 14 locations of work across the UK, Eire and the Middle East. The company provides engineering and have services and products in sectors in conjunction with marine and coastal, structures, transportation, vitality, environment, water and rupture management. It currently turns over €24m a twelve months.
Ayesa employs bigger than 5,400 participants in 17 countries across Europe, Latin The US, Asia and the Middle East, and has an annual turnover of €256m. It recently got a significant investment from A&M Capital Europe (AMCE) to fund its expansion plans. It intends to double its turnover to €500m over the following five years.
Ayesa chief govt José Luis Manzanares Abásolo stated: “ByrneLooby and Ayesa are completely united in their ardour for locating the true alternatives to the arena’s ideal engineering and technical challenges, making our companies a ultimate match for every other. Having a peep forward, the sturdy scale of Ayesa internationally and the sophisticated assets and infrastructure that underpin our industry across every market will allow ByrneLooby to grow at an accelerated breeze, thus realising the elephantine doable of the ByrneLooby industry and its crew of industry notorious professionals.”
ByrneLooby managing director John Byrne stated: “This transaction brings two highly complementary companies together and represents a significant expansion to our provider offering in ByrneLooby. We are vastly enraged to affix one in every of the arena’s ideal engineering and technology companies and our goal now’s to pressure significant growth for Ayesa across our core markets thru our blended capabilities and ride, leveraging Ayesa’s market-main standing.”
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