Industry & Business

Investment

InvestNI targets up to 6,000 new jobs for North by next year

Northern Ireland’s regional business development agency, has been set new targets which include the creation of 4,000 to 6,000 jobs in 2016-2017, the Economy Minister has announced.
The agency published its end of year results on Monday which showed that over the period 2015-2016 it had helped “promote” 5,500 jobs against a target of 4,000.
Economy Minister Simon […]

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Official Opening of Nexvet’s new Biomanufacturing Facility in Tullamore

Minister for Jobs, Enterprise & Innovation Mary Mitchell O’Connor TD today officially opened Nexvet Biopharma’s (Nasdaq:NVET) new development and manufacturing facility in Tullamore, which has begun clinical and commercial-scale production of Nexvet’s advanced development candidates, a significant milestone towards preparations for commercialization.
The veterinary biologics company secured the facility in September 2015. It was announced at […]

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EY announces 270 jobs

EY has announced that it will be creating 270 jobs for Dublin, Cork, Limerick, Waterford and Galway.
The accountancy company, formerly known as Ernst & Young currently employs 1,800 people in Ireland and has said the growth is being fuelled by high demand for services such as cyber security and fraud investigation.
220 jobs will be for experienced professionals, while […]

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Tiger to open 12 more Irish Stores by 2017

Tiger has announced that it plans to open 12 new stores in Ireland by 2017. The Irish company that runs the chain of retail stores has also announced that it will be rebranding the group as Flying Tiger Copenhagen next month.
Gillian Maxwell, who established the Irish arm of Tiger with her husband Niall Stringer said that […]

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New €500,000 Enterprise Ireland fund to support FinTech start-ups

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, today (26 May 2016) launched a new €500,000 Enterprise Ireland Competitive Start Fund (CSF) to stimulate start-up activity in the FinTech sector. The fund, which is a part of the IFS2020 strategy, provides up to €50,000 in equity support by Enterprise Ireland for each […]

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Dalata acquires hotel development site for €8m

Irish hotel group Dalata has agrees a deal for a hotel development site on Kevin Street in Dublin City Centre for €8.1m.

The site is located at the junction of New Street South and Kevin Street upper, close to Stephen’s Green.

Panning permission was granted last November by an Bord Pleanála for a hotel development on the site. The […]

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Storage company to create 60 jobs in Ireland

Smart Storage will be creating 100 new jobs in Ireland and the UK over the next 18 months.
The company which specialises in discrete under-stair storage is to create 60 jobs in Ireland in the area of sales, marketing, logistics, operations and manufacturing.
While 40 of the jobs will also be created in the UK. The company […]

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Wayfair to create 160 jobs for Galway

US-owned online furnishing and homewares retailer Wayfair is to announce 160 new jobs for Galway this morning.
Wayfair currently employs 200 people in the city and specialises in home furnishings and décor. The compnay is planning to expand its new European Operations Centre on the Tuam Road in the building formerly known as Connaught House.
The IDA Ireland backed […]

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IKEA to create 30 new jobs with the opening of second Dublin store

Swedish retail giant IKEA is to open its second outlet in Dublin this Summer with the creation up to 30 new jobs.
The home furnishings company has agreed a lease with property group Iput that will see it lease 15,000 sq ft premises at The Park in Carrickmines.
It will be a scaled-down version of the massive […]

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Pizza Hut to invest €50m into new outlets and staff across Ireland and the UK

Pizza Hut Delivery has announced that it is to create 3,000 jobs in 200 new stores across the UK and Ireland over the next four years.
The firm did not give an exact breakdown of how many jobs will be based in it’s stores in Ireland or where it plans to open the new stores.
However, the chain is set […]

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BT to invest £6bn in UK network upgrade

London-based broadband provider BT said it would spend £6 billion on rolling out superfast fibre and 4G mobile connections in the next three years.
This comes as the company reported a better than expected 6% rise in full-year earnings.
BT reported core earnings of £6.58 billion for the year to the end of March, including a contribution from mobile operator […]

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Obelisk Group secures €6m investment

Obelisk Group has secured a €6m investment to help fund the expansion of its telecommunications and power infrastructure sectors in the UK and South Africa.
The BDO Development Capital Fund provides development and growth capital for established, mid-sized and profitable companies. The fund will provide €3m for the telecommunications and utilities firm, while the remainder will be sourced […]

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Merck to create 70 jobs for Cork

70 new jobs are to be created at Merck in Co. Cork. The announcement comes after the medical science and technology company officially opened  their new manufacturing and R&D facilities at their key strategic site in Carrigtwohill, Co Cork on Tuesday.
Martin McAuliffe, site leader, says the speciality membrane facility (SMF) and chromatography media facility (CMF) represents […]

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OPKO Health Expansion to Create 200 Jobs in Waterford

OPKO Health Inc. (NYSE: OPK), a diversified healthcare company, today announced plans to create 200 highly skilled jobs over the next five years through expanding the EirGen Pharma facility in Westside Business Park in Waterford and establishing a new Product Development Centre in the Waterford Business and Technology Park. The company is locating in the […]

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Ralph Lauren to establish new eCommerce hub with the creation of 8 jobs

Ralph Lauren Corporation, one of the world’s most widely recognised families of premium lifestyle brands, announced today the establishment of an eCommerce hub in Dublin, Ireland.
Ralph Lauren Corporation is locating in Ireland with the intention of building a Global eCommerce Center to support the company’s omni-channel businesses. The company’s new Dublin office, located in the […]

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Topaz creating 28 jobs with new €6m investment

Forecourt retailer Topaz has announced 28 jobs through a €6m investment in two service stations.
The retailer has recently redeveloped a site at Ballysimon in Co Limerick, creating 10 new jobs and investing €3m.
The Ballysimon launch comes fresh off the back of a recent announcement by the company that it has invested €3m and created a […]

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Ness Supports Alfresco Software within the Enterprise Content Management Market

Ness Software Engineering Services (SES), a leading provider of software product engineering services, today revealed how it has contributed to the successful release of the latest versions of Alfresco One and Activiti by Alfresco Software, the leading open-source provider of Enterprise Content Management (ECM) and Business Process Management (BPM) solutions. Alfresco is enabling companies to […]

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Search Optics creating 100 new jobs for Dublin

Search Optics will create over 100 jobs in its new Dublin HQ over the next two years through the establishment of its EMEA headquarters in the capital.
The US Digital Marketing firm will open its new European, Middle Eastern and African HQ in Dublin today on Fumbally Square.
The announcement is supported by IDA Ireland and the Department of Jobs, […]

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75 jobs to be created in two new Dublin service stations

Donabate is set to receive a new state-of-the-art service station as part of a €2m investment.
The investment will create 25 jobs for the Dublin area.
The new service stations are the third and fourth stations that have been completed by Weslin Construction. Having recently completed work on Maxol’s largest Irish service station on the busy N3 […]

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Shire to expand biotechnology manufacturing capacity in Ireland

Shire plc (LSE: SHP, NASDAQ: SHPG) announces that it plans to expand its global biotechnology manufacturing capacity over the next four years by investing US$400 million in Ireland to meet the rapidly growing demand for its highly innovative products and robust pipeline.
Shire will create a new, state of the art biologics manufacturing campus, which it […]

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Iput secures €150m credit facility

    Iput secures €150m credit facility

Iput has secured a €150m credit facility from Wells Fargo a US lender to help finance its various development projects and also to maintain its dividend policy for investors.
This emerges in its annual report, which has been released to coincide with its AGM in Dublin today.
Iput chairman Frank Close said in his annual statement, “This will […]

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VMware adding to its Cork workforce

VMware is adding 40 jobs at its campus in Ballincollig Co. Cork. adding to its workforce of 800 people. The news marks continued expansion for the Cork site which is already the third largest location for VMware globally.

The software company opened its first Irish office in Cork in 2005.

The company is employing in the sectors of management and technical […]

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Science Foundation Ireland and Pfizer announce exciting new R&D programme for Ireland

Science Foundation Ireland and Pfizer today announced the recipients of the 2016 SFI-Pfizer Biotherapeutics Innovation Award programme. The collaboration between Science Foundation Ireland and Pfizer provides qualified academic researchers with an opportunity to deliver important potential discoveries in the areas of immunology, oncology, cardiovascular and rare diseases.
Supported by the Department of Jobs, Enterprise and Innovation, […]

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Slack to create 80 jobs at new Dublin hub

Slack is to create 80 jobs in Dublin over the next two years, bringing its workforce to 180 employed in Dublin. The company is set to move to a bigger office in the capital.
The new roles will be in customer experience and account management.
Slack announced last May that it was opening its European headquarters in Dublin, and would […]

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Grifols aquires stake in Interstate Blood Bank

Grifols, has acquired a 49 per cent stake in the US-based Interstate Blood Bank for $100 million. The Spanish healthcare company recently moved its corporate treasury activities from Barcelona to Dublin.

The company has also entered into an option agreement to purchase the remaining 51 per cent stake for an additional $100 million, and has agreed to pay […]

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Intercom lands $50m investment creating 100 new jobs forDublin

Intercom has closed a new funding round of $50m and will create 100 new jobs for Dublin after raising. The massive investment comes from top-tier Silicon Valley investors, including Slack CEO Stewart Butterfield.
Intercom was founded in 2011 by Des Traynor, Ciaran Lee, Eoghan McCabe and David Barrett. Although the company is headquartered in downtown San Francisco, most […]

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CXC creates 30 new jobs for Dublin

 
CXC Corporate Services, a CXC Global Company and the Global Leader in multi country compliant Contingent Workforce Solutions has today announced the opening of its new service centre in Dublin.
CXC Corporate Services has announced a plan to create 30 new positions in Operations, Multi Lingual Sales, Marketing and Support at its new EMEA Hub in Dublin.  […]

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Bizimply completes €2m funding round

Bizimply, the Irish technology firm has completed a €2 million funding round to support its recent growth plans to double its workforce.
The funding led by Dublin and London-based private equity fund Causeway Capital alongside 500 Startups, will be used to expand’s the company’s sales and marketing capability.
The firm, which is based in the Digital Hub, is planning to double its workforce […]

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Pfizer pulls out of $160bn merger with Allergan

Pfizer has agreed not to go ahead with its proposed $160 billion merger with Dublin-based drugs manufacturer Allergan, in a major victory to US President Barack Obama’s drive to stop tax-dodging corporate mergers.
Pfizer’s board is reported to have voted last night to halt the merger with the Botox manufacturer.

While the new rules did not name Pfizer and Allergan, […]

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€70,000 Prize Fund for Journey Re Global Entrepreneurship Competition

A competition announced today (05.04.16) is offering entrepreneurs the chance to win a share of a prize fund of €70,000, as well as paid positions, office space, business coaching, and two all-expenses-paid trips to Germany.
The Journey Re competition is an initiative of Hannover Re, the third-largest reinsurer in the world. The competition is calling on […]

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Eli Lilly and Company to develop cutting-edge technology for manufacturing of new wave of active pharmaceutical ingredients at Kinsale

Dr. John C. Lechleiter, chairman, president, and CEO, Eli Lilly and Company, announced today that the company is set to invest €35 million in delivering a new high-tech manufacturing facility at its Kinsale campus, using pioneering technology that has the potential to transform how medicines are made in the future.
The project will apply “Continuous Manufacturing Technology” […]

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ESB plans to invest over €3 million in Endeco Technologies

ESB NovusModus, ESB’s clean tech fund, is to invest €3.3 million in Endeco Technologies which is part of a growing portfolio of investments. This investment and ongoing partnership will enable ESB’s Smart Energy Services division to leverage from Endeco’s cutting-edge technology, as part of an overall portfolio of energy solutions, to significantly reduce energy costs […]

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Highline Produce acquired by Fyffes

Highline Produce has been acquired by Fyffes for $145 million.
Fyffes has acquired 100% of the equity and will refinance the existing debt in the Canadian mushroom producing company.
Fyffes plans to fund the purchase through new and existing bank debt.
Fyffes saw earnings before interest, tax and write-offs rise 14.2 per cent to €45.8 million last year.Total revenue, including the group’s share […]

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Ward Solutions predicts €1.2M revenue from new ISO 27001 accreditation service

Pat Larkin, CEO, Ward Solutions
Ward Solutions, Ireland’s leading information security provider, today announces the launch of its new ISO 27001 consultancy service. It is forecasting that this service will lead to new revenues of €1.2M from its security consultancy business within the next year.
The launch of the new service follows Ward’s investment of €50,000 in […]

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Bristol-Myers Squibb and NIBRT Launch €1 Million Collaboration

Bristol-Myers Squibb has announced a collaboration with the National Institute of Bioprocessing Research and Training (NIBRT) in Dublin to establish a process science and technology laboratory that will strengthen productivity of manufacturing processes for biologicals. The lab will house a team of 12 Bristol-Myers Squibb scientists who will advance complex bioprocesses used to produce BMS’s biologics […]

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Atlantic Bridge confirms €140m fund in European technology companies

Global Technology Fund Atlantic Bridge has launched a €140 million fund aimed at European technology companies with potential global market scalability. The Dublin-based company plans to invest in up to 20 European companies.
The fund called Atlantic Bridge III, will focus on scaling Irish and European companies in high growth enterprise technology in the areas of big data, internet of things, robotics […]

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€500m is to be invested into new Irish wind farms

The Irish Wind Energy Association (IWEA) expects to spend €500 million on building new wind farms in the country over the next four years.
The lobby group for wind farm developers will publish its forecast figures at the annual IWEA conference today, and it seems the construction industry will benefit as Ireland increases its renewable energy output.
Total […]

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CDE announce 110 new jobs for Tyrone

Northern Ireland manufacturing firm CDE will create 110 new jobs in Cookstown, Co. Tyrone in a £6.8 million investment.

Invest Northern Ireland is supporting the Cookstown firm with £1.3m.

Speaking following a visit to the company’s headquarters, First Minister Arlene Foster said: “This is an extremely positive investment of over £6.8million from the world’s premier provider of specialist washing […]

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Dalata has completed acquisition of the Clarion hotel in Sligo

    Dalata has completed acquisition of the Clarion hotel in Sligo

Dalata has said today that it has completed it’s acquisition of the Clarion hotel in Sligo.
The group announced plans to acquire the landmark hotel for €13.1 million in January.
The Clarion Hotel located in Sligo town is a four-star hotel and a popular wedding venue. The hotel, generated earnings before interest, taxes, depreciation and amortisation of […]

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Ornua opens €20m Cheese facility in Saudi Arabia

    Ornua opens €20m Cheese facility in Saudi Arabia

Ornua has opened a €20m Cheese Manufacturing Facility in the Saudi Arabian capital of Riyadh.
New technology developed by Ornua and Teagasc, the food development authority, will be implemented at the facility in order to create a range of white cheeses.
The €20m facility will manufacture white cheeses for the Saudi Arabian market, the fifth largest dairy […]

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Tucana Health Ltd to Create New Jobs in Cork

    Tucana Health Ltd to Create New Jobs in Cork

Tucana Health Ltd, a spin-out from the APC in University College Cork, is to build a new research team in Cork.
Tucana was founded by Professors Fergus Shanahan and Paul O’Toole. The spin out was set up to investigate the composition of bacterial communities in the gut, and to use this information to aid the diagnosis and […]

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US tech firm Ipswitch to create 60 jobs in Galway

    US tech firm Ipswitch to create 60 jobs in Galway

US tech firm Ipswitch is to create 60 jobs in the next five years in Co.Galway.
Ipswitch which develops IT Monitoring and security software, said it will establish an EMEA support and operations centre in Galway.
The new Galway office will play a critical role in its growth strategy in EMEA.
The development is supported by the Department of […]

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Facebook to expand its Dublin workforce by 200

    Facebook to expand its Dublin workforce by 200

Facebook is to grow its Dublin workforce by expanding the number of people it employs in Dublin by 200. The new jobs will be in the areas of sales, engineering, and online operations.
Facebook who already employs 1,300 people at its international headquarters in Dublin is expecting to have all of the 200 roles filled by the end of […]

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Caffe Nero plans 40 stores and 350 new jobs

    Caffe Nero plans 40 stores and 350 new jobs

Caffe Nero, the specialist coffee retailer chain has outlined plans to invest €20 million in Ireland by opening 40 new outlets across the country, with the potential creation of 350 new jobs in the process. It currently operates six outlets, five in Dublin and one recently opened in Drogheda. The firm also has planning permission for another store […]

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IRISH Life set to become a major force in the health insurance market after buying Aviva Health and GloHealth

    IRISH Life set to become a major force in the health insurance market after buying Aviva Health and GloHealth

Irish Life has confirmed that it has now taken control of Aviva Health and GloHealth.

The deal is the biggest in the sector since Aviva’s larger rival Laya Healthcare was sold to AIG last year in a deal understood to have been worth in the region of €90m.
Aviva Health is Ireland’s third biggest health insurer after […]

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Syndicate to invest €2m in start-ups in West

Pictured at the launch of HBAN’s WxNW syndicate are (l-r) Ultan Faherty, business angel partnership coordinator, HBAN; John Mullen, chair, WxNW; and Ger Barry, angel investor, WxNW
HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland responsible for the all-island promotion of business angel investment, today unveils its new angel syndicate. The West by North West […]

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Maxol’s €8m investment creating 80 jobs in Dublin

Forecourt retailer Maxol is to create 80 jobs through the opening of two new service stations in Dublin.
The Mullhuddart service station on the N3, which will be Maxol’s largest ever with a €6m investment, is due to open at the end of March, with another in Donabate opening the following week.
The new permanent positions include […]

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Ricoh unveils €250K investment in new Document Services Centre

Pictured at the launch of the new Ricoh Document Services Centre in Glasnevin are (l-r) Gary Owens, manager, Ricoh Ireland Print and Document Services; Phil Keoghan, CEO, Ricoh UK & Ireland; and Gary Hopwood, general manager, Ricoh Ireland
Ricoh Ireland today announces an investment of €250,000 in a new 12,000ft² Document Services Centre in Glasnevin, Dublin. […]

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Bewley’s to invest €5.3m to make all its fresh coffee Fairtrade Certified

Pictured at the announcement were Patrick Bewley of Bewley’s with Baristas Eileen Maher and Gary Hollywood. Photography by Shane O’Neill Photography.
Ireland’s leading fresh coffee company, Bewley’s, will further grow its direct links with coffee producers in developing countries by converting all of its branded fresh coffee products to Fairtrade Certified coffee in a new $6m […]

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GSK to invest €12m in Cork manufacturing plant

Multinational pharmaceutical giant GSK has announced a new €12m investment at its manufacturing plant outside Cork city in Currabinny.
GSK said that €9.5m will be spent on its Kilo Scale Facility, while the remainder will be used in its techncial laboratory in Cork.
The new purpose built Kilo Scale Facility will allow the site to begin manufacturing […]

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SEAI announces €4.3m grant award to 15 marine energy projects

The Sustainable Energy Authority of Ireland (SEAI) has announced a total grant award of €4.3m to 15 new marine energy projects underway in 2016 under its Prototype Development Fund.  The announcement was made as SEAI in conjunction with Enterprise Ireland hosts an “Ireland open for business” exhibition at the 6th International Conference for Ocean Energy […]

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30 jobs & €5.5m investment for Kneat software company

Limerick software company Kneat has secured a €5.5m investment from Canadian firm Fortune Bay, which it plans to use for expansion, in the course of which it will hire 30 new staff.
The firm has signed a transaction agreement with Canadian company, Fortune Bay Corp.
Kneat provides software solutions for the global life sciences – healthcare and […]

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€35m investment in Elm Park estate in Dublin

Two investment companies, the US-owned Starwood Capital and Irish firm Chartered Land, are to partner to spend €35m to reposition and develop Elm Park, a large-scale office and residential space on Merrion Road, Dublin 4.
Starwood Capital acquired the Elm Park estate from receivers Duff & Phelps for €190m, and invest in the development and enhancement of […]

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Credit Agricole unviels new ownership structure

Credit Agricole has promised stable investor returns and a solid capital base in the future as the French bank outlined plans to simplify its much-criticised ownership structure.
Its chief executive Philippe Brassac said the plan would put to rest criticism from analysts, shareholders and regulators that the cross-shareholding between its listed entity and its cooperative parent […]

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Dalata to build 181-bedroom hotel in Dublin

Ireland’s largest hotel operator Dalata has announced the acquisition of a site in Dublin on which it intends to develop a new €40m hotel.
It has paid €11.9m for the 0.95 acre site of the former Charlemont Clinic on the Grand Canal.
Dalata said the site has permission for a four-star, 181-bedroom hotel with restaurant, café/bar and […]

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Eircode setting up costs €20m more than expected

The cost of setting up the Eircode postal address system was €20 million more than was initially budgeted for in 2009, the Dáil Public Accounts Committee has heard.
The final figure stands at €38 million, significantly more than €18m first estimate for the project, Comptroller and Auditor General Seamus McCarthy told the Committee.
The costs of consultants and […]

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Siemens donates €65m software grant to Trinity’s School of Engineering

Trinity’s School of Engineering has received today a €65 million grant from Siemens PLM Software, enabling access to industry-leading software for Trinity students.
Some of the software that will be available through this grant includes “Jack” software in the Siemens “Tecnomatix” portfolio, described as “industry-leading” digital manufacturing software used in the automotive, aerospace, machinery and shipbuilding […]

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O’Brien Fine Foods to create jobs in Timahoe

O’Brien Fine Foods has announced it is to create new jobs as it invests €14m in its ham processing plant in Timahoe, Co Kildare.
The company said the expansion would create 40 new jobs at the site, bringing employment there to 310 within the next two years.
A further 150 jobs will be created during the construction phase.
O’Brien […]

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