Irish energy group NTR expects the bulk of the 270 megawatts of wind assets it is aiming to develop through a new investment fund will be constructed by the end of 2017.
The fund target is €250m and will be used to build up to 270MW of projects in the UK and Ireland.
Legal & General will fund […]
Irish energy group NTR expects the bulk of the 270 megawatts of wind assets it is aiming to develop through a new investment fund will be constructed by the end of 2017.
The National Treasury Management Agency has announced its plans to issue between €6 and €10 billion of long-term Government bonds over the course of 2016.
The NTMA is already funded for 2016, having raised €13 billion this year out of its guided range of €12-15 billion.
Much of this borrowing was funded at record low interest rates due […]
Network performance and security management company Fastcom is to create 25 new jobs in Sligo on the back of €1.2 million investment.
Over the next three years, the company will recruit people with expertise in network engineering and customer support to work at its new Sligo network operations and security centre.
The growth is being financed through […]
Property investment company, Tetrarch Capital is to invest €100m in the hospitality, leisure and accommodation market over the next three years.
The firm, formerly known as Brehon Capital, owns the likes of the Mount Juliet, Powerscourt, CityWest and Marker hotels.
It said it plans to create a new division to operate and manage its properties in this area.
Hines, a US property giant is in position to buy One Spencer Dock, Ireland’s largest single office investment on Dublin’s North Wall Quay. The property giant outbid two other investment companies with their offer of €240m.
If the sale does go ahead the new owners of One Spencer Dock will be able to bank on a […]
Ireland’s largest hotels group Dalata has agreed to buy the Tara Towers hotel for €13.155m.
Dalata said it plans to invest up to €4.5 million on renovating the three-star hotel, “in an extensive refurbishment programme to convert the property into a modern four star hotel”. The hotel will be rebranded as a Maldron hotel once renovation work is […]
Minister for Energy Alex White, TD, announced today €20 million in grant offers for local communities under the 2016 Better Energy Communities scheme.
The scheme, which is administered by the Sustainable Energy Authority of Ireland (SEAI), has supported 260 community energy efficiency projects over the last four years. As a result over 12,000 homes and community […]
A new €26 million world class geoscience research centre iCRAG has been opened at University College Dublin to focus on the discovery, de-risking and sourcing of raw materials.
Minister for Skills, Research and Innovation, Damien English TD officially launched the newly established Science Foundation Ireland Research Centre, iCRAG today. The Irish Centre for Research in Applied Geosciences […]
GE Healthcare today announced a $40 million investment in its manufacturing facility in Carrigtwohill, Cork.
Employment at the Cork facility, which currently stands at almost 500 people, is expected to increase by 140 people. The investment which is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland, will double the Carrigtwohill facility’s production […]
Details of proposed Government investments to be made in Cork and Kerry will be outlined later today at a briefing by Minister for Public Expenditure Brendan Howlin and Minister for Agriculture, Food & the Marine Simon Coveney.
Major projects being proposed include a programme of school building, the provision of primary care centres in health, and the […]
Enterprise Ireland has ranked third in the world for its seed investment activity, following San Francisco-based SV Angel and french Kima Ventures.
A new global ranking by PitchBook, a leading Venture Capital and Private Equity Investment Platform, has put Enterprise Ireland at number 3 in terms of Top VC investors in global seed funding rounds since […]
Minister for Skills, Research and Innovation, Mr Damien English TD, today announced funding of over €11 million to the Energy Systems Integration Partnership Programme (ESIPP).
ESIPP will receive €5.5 million from the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland, coupled with €5.5 million from five industry partners – AIB, EirGrid, Ervia, Glen Dimplex, […]
Carlyle Cardinal Ireland (CCI), the Irish private equity fund announced that it has finalised the terms of an investment in Abtran, a provider of Business Process Management services in Ireland.
The terms of the deal were not disclosed, but the transaction is expected to close in early 2016.
Abtran’s existing management team, including CEO Michael Fitzgerald and […]
Ms Jan O’Sullivan TD, Minister for Education and Skills, formally launched an expanded Lero, the Science Foundation Ireland Irish Software Research Centre, based in the University of Limerick in a €46.4 million investment over six years. The development means that 90 PhD and 46 postdoctoral research positions will be created over the next six years.
€32.6m of […]
Team Horizon, the global life-science services firm, has expanded its global footprint with the announcement of a new office in Philadelphia.
Founded in Westport, the company’s core expertise is in high demand in North America with an established client base in Texas, North Carolina and Canada. By the second half of next year, the company plans […]
Minister for Jobs Mr Richard Bruton has announced a joint investment of €10 million by the Department of Jobs, Enterprise and Innovation through Science Foundation Ireland (SFI) in a partnership with leading international biopharmaceutical company AbbVie to undertake two new therapeutic research collaborations in Ireland.
The collaborations, which will each investigate disease markers and potential targets […]
Voxpro and Bon Secours hospital are expected to make two big job announcements today in Cork.
Voxpro has been in business for 15 years and was set up by husband and wife team Dan and Linda Kiely with just six staff members, it now has just under 1,000 with more plans of expansion.
The company has experienced massive […]
Digital Realty is to spend €150m on expanding its data centre at Profile Park in west Dublin. The expansion will double the size of its existing 10,000 square foot facility.
Last year, the company announced that Profile Park would see a total investment of €150m into the data centre campus. The project for the entire facility could employ […]
It emerged yesterday that political leaders at Stormont have secured a deal as part of the Stormont House Agreement to cut the rate of tax that businesses pay on their profits from 20pc to 12.5pc from 2018. The plan is to help Northern Ireland to compete better for investment and jobs with the Republic of Ireland.
Northern Ireland […]
Chinese ICT company Huawei is to open a new research and development office at the IFSC in Dublin, which is expected to hire up to 50 people by next year.
Huawei currently has 120 employees working in research and development in Ireland.
The move is part of the company’s investment in research and development in Ireland. Huawei has invested €35m in the […]
Medtech and pharma are among the key drivers to create up to 25,000 jobs in Mayo, Roscommon and Galway, with an investment of €250m in the project. Agri-food and tourism are also targeted, with the department for jobs claiming 5,000 extra positions have been created in the region this year.
Almost 27,500 jobs were lost across Galway, […]
The Coalition is to launch a new plan today aimed at putting more people at work.
The plan does warn that countries will have to work harder to attract investment as well as workers.
The plan confirms that the quality of life on offer will be key to attracting skilled workers and creating more employment for the […]
The LacPatrick co-op is to invest €42 million at its plant in Co Tyrone in a development plan that will dramatically increase its milk processing capacity.
Work has already begun on the expansion of the factory in Co. Tyrone and is expected to be complete by April 2017.
As part of the million euro investment LacPatrick is to create […]
The world’s two largest brewers have agreed a £71bn tie-up, creating a new global drinks giant. The move came after AB InBev secured a $12bn spin-off deal that will see Molson Coors, buy out SABMiller’s stake in their US joint venture MillerCoors.
To gain regulatory approval, Molson Coors Brewing Co. will acquire SABMiller’s 58 percent stake in MillerCoors […]
The Taoiseach, the Minister for Jobs, Enterprise and Innovation and IDA Ireland, the foreign direct investment agency of the Irish Government, welcome today’s significant announcement that Apple will be expanding its campus in Hollyhill, Co.Cork and adding a new building that will provide new office space and room for 1,000 additional employees by mid-2017.
Apple’s presence continues to […]
Software company IBM has announced Dublin and Hursley as two new bases for its ‘studio’ project.
The studio consists of designers, strategists and coders to develop products and digital marketing services around cloud, analytics, and IBM’s supercomputer- Watson.
Both Dublin’s and Hursley’s studio will focus on designing IBM products and user experiences around Watson, security, collaboration and IoT.
The Strategic Banking Corporation of Ireland (SBCI) is to make lending of €50m available to small and medium-sized businesses looking to buy equipment, machinery and vehicles.
The money will be provided through Finance Ireland and will include leasing, hire purchase and rental agreement options.
There is no upper or lower limit on the loans and Finance Ireland […]
Rob Laffan, Student Entrepreneur of the Year 2015; Julie Sinnamon, CEO, Enterprise Ireland; Minister for Jobs, Enterprise and Innovation, Richard Bruton TD; Gillian Slattery, Regional Development, Enterprise Ireland.
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD today announced details of the Enterprise Ireland Student Entrepreneur Awards for 2016.
The Awards, now in their 35th year, […]
A Chilean renewable energy joint venture involving Eddie O’Connor’s Mainstream Renewable Power (MRP) will invest $600 million (€544 million) in new wind farms there, after winning a major State contract.
Mr O’Connor is a former Bord na Móna chief executive and an advocate of renewable power.
Aela Energía, in which Mr O’Connor’s company MRP holds a 40 […]
Angel investment leads to jobs: 2014 HBAN-supported companies alone will deliver approximately 700 jobs by 2017
HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland responsible for the all-island promotion of business angel investment, today announces that it has breached the landmark of €50 million invested by business angels.
A further €89 million has been leveraged from […]
Plans for GRIFOLS International Logistics Centre – Grange Castle Business Park, Dublin (Stewart Building)
Global Healthcare Company Grifols is to Create 140 Jobs with $100 Million Investment.
Grifols is the world’s third-largest plasma product manufacturer. It is a pioneer in the research and development of therapeutic alternatives designed to contribute to both scientific and social development.
The healthcare […]
TitanHq has announced it is expanding it’s business in Galway by creating 10 new jobs, this news comes a month after the company rebranded itself from SpamTitan.
TitanHq the email and web security firm, has had huge success since opening in 1999 and has grown significantly in recent years.
“TitanHQ has pursued very rapid growth […]
iNua Hospitality has expanded its hotel portfolio with the €7.25m purchase of the four-star Hibernian Hotel in Kilkenny
The deal boosts iNua’s asset portfolio to four properties, following its purchases of the Radisson Blu hotels in Cork and Limerick in 2014 and the acquisition of the Muckross Park Hotel in Killarney at the turn of the […]
Pivotal, the company accelerating digital transformation for enterprises, today announced the creation of 130 new jobs and an investment of approximately €100 million in Ireland over the next five years, rapidly expanding the company’s presence in the Irish market. Silicon Valley-head-quartered Pivotal is partially owned by EMC Corporation and VMware, Inc. with General Electric becoming […]
Minister Alex White announced Government funding of €3.5million to three Irish marine energy firms for the development and testing of new ocean energy technologies.
The announcement, made at a major European conference on ocean energy taking place in Dublin today, will see the three companies – Ocean Energy, SeaPower and GKinetic – receive funding from the […]
Clavis Insight has secured a $20 million growth equity investment, which it will use to accelerate international growth and create more jobs.
The Irish company is a provider of ecommerce store analytics to consumer goods companies,
It’s the biggest investment to date for the company which was founded in Dublin in 2008, and has since expanded to […]
Carlow Craft Brewery, is looking to tap wealthy clients of Dublin stockbroking firms to raise up to €2.5 million for a new brewhouse under a tax-efficient business expansion scheme.
The company, which is behind the O’Hara’s range of craft beers, is looking to raise funds under the State’s employment and investment incentive scheme.
The cash raised will be […]
Regeneron a leading science-driven biopharmaceutical company, today announced that it is investing an additional $350 million in its Limerick Industrial Operations and Product Supply (IOPS) bioprocessing campus and will add another 200 jobs, bringing the total expected job creation in the Limerick area to 500 jobs and total investment to $650 million by the end of […]
CCB Leasing International (CCBLI) today announced the establishment of its international headquarters in Ireland. CCBLI is a wholly owned subsidiary of China Construction Bank (CCB), one of the world’s largest companies.
CCBLI plans to grow its aircraft leasing business from 17 to 200 aircraft over the next five years.
China Construction Bank is the fourth largest bank in the […]
Kerry Group has spent $735m (€646m) on three US acquisitions, with chief executive Stan McCarthy saying the businesses provided the company with “tremendous growth opportunities”.
The group is buying Wisconsin-based Red Arrow Products; Massachusetts-based Island Oasis; and Biothera’s Wellmune.
Kerry said that last year the three businesses had combined turnover of $301m (€264m) and generated earnings before […]
ChannelSight, an Irish-founded tech firm, has received a €3.3 million investment to scale operations in Europe and the US.
The funding round was led by Nauta Capital, with ACT Venture Capital participating and also supported by Enterprise Ireland.
ChannelSight chief executive John Beckett said the funding will allow the Dublin-based e-commerce company to grow at a faster pace in […]
Taoiseach launches Competitive Feasibility Fund for Galway, Mayo and Roscommon
The Taoiseach, Enda Kenny TD, today (Monday 28 September 2015) launched the new Enterprise Ireland €200,000 Competitive Feasibility Fund for the West Region. The Fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups and creating jobs and growth in the […]
The investment firm revealed the profit yesterday. Crystal Amber only acquired its 2.8pc Aer Lingus stake in summer last year. It was the single biggest institutional shareholder in the airline.
It’s believed that Crystal Amber established its position in Aer Lingus after buying some shares sold by businessman Denis O’Brien.
Crystal Amber, which is headquartered in Guernsey […]
New centre in Dublin expands operations and investment in Ireland’s Big Data economy
DUBLIN, IRELAND – 8 September, 2015 – SAS, the global leader in business analytics, is expanding its operations in Ireland with the opening of a new Inside Sales and Customer Contact Centre. Based in Dublin, the expansion will create 150 jobs over three […]
United Technologies Research Center (UTRC), the research and innovation arm of United Technologies Corp. (NYSE:UTX), announced today the expansion of its Ireland facility, United Technologies Research Centre Ireland Limited, to include aerospace research in cyber-physical systems. The addition of the Centre of Excellence in Cyber-Physical Systems for Aerospace will create 25 highly skilled roles in […]
Irish-founded customer communication platform, Intercom yesterday announced a €30m funding round which will see it double its workforce across its offices in Dublin and San Francisco.
The funding will allow it to “double down on everything” with 70 new jobs to be created in both cities.
The huge investment boost will also be put to use in […]
Vodafone Ireland is investing €7 million as it seeks to bring new data-centre services to customers. The move is part of Vodafone’s plan to beef up its cloud and hosting business in Europe.
The new services will include everything from co-location, managed hosting, private cloud and infrastructure as a service (IaaS). The firm said it is […]
Google is building a new data centre in Ireland and investing €150 million in the project.
The centre will be its second owned and operated data facility in Ireland; it leases a third.
There had been speculation last year that Google planned to open a new facility in west Dublin – following a planning application – to […]
Manufacturing and engineering group Tricel is to create 100 new jobs over the next 18 months. 40 of these jobs will be based in the company’s headquarters in Killarney and be worth an extra €2.4m to the local economy.
Irish technology company Effective Software is planning to expand following a successful funding round in which it raised €1 million.
The company, which specialises in health and safety, and compliance software-as-service, plans to increase its staff count from 16 to 35 in the next two years. Recruitment is already under way for eight positions.
The funding […]
Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business.
Once the world’s biggest maker of mobile phones, the Finnish firm was wrongfooted by the rise of smartphones and eclipsed by Apple […]
The IDA revealed that 9,000 jobs were announced in the first half of 2015, up from 8,000 announced during the same period last year.
Creating 330 new jobs over next three years and the construction of a brand new campus.
Iconic Translation Machines, a leading Irish translation software company, today announces that it is creating 15 new jobs at its headquarters in Glasnevin, Dublin. The positions will be filled by December 2016 and will bring the total employment at the company up to 25.
Kingspan boss Gene Murtagh has taken a stake in Dundalk-based smarthome heating firm Climote.
And it’s understood that the valuation placed on Climote has doubled in the past two years.
Mr Murtagh is the latest heavy-hitter from the energy sector to invest in the business.
Last year, former Bord Gais chief executive John Mullins took a stake in […]
ENOC, which owns 54pc of Dragon Oil, offered 750 pence per share to buy out minority shareholders of the firm in June. The proposal values Dragon Oil at about £3.7bn (€5.2bn).
ENOC has said that it is extending its buyout offer from the end of July to August 28 after receiving about 14.5pc of the issued […]
US-headquartered generic drug manufacturer Amneal Pharmaceuticals is to create up to 300 jobs in Tipperary following its acquisition of the former Johnson & Johnson plant in Cashel.
The 200,000 square foot facility was sold to Amneal by Singapore-based investment firm Solidus Private Equity. The former Johnson & Johnson plant had been vacant for four years before […]
Minister for Jobs, Enterprise and Innovation, Richard Bruton and Minister for Finance, Michael Noonan have announced that Johnson & Johnson Vision Care which operates as Vistakon Ireland is to invest over €100 million in the expansion of its manufacturing operations.
It is expected that the 18 month construction period at the National Technology Park in Limerick […]