Industry & Business

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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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Johnston Press seeking to sell assets

Publisher Johnston Press announced it would sell some assets in a bid to streamline its business and raise funds for its investment. The company said it had identified “a number of brands” that are not part of its long-term future.
Johnston also reported a 7% fall in total underlying revenue for year to 2 January. Digital was the […]

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€1m energy upgrade completed at Saint John of God Hospital

Minister for Communications, Energy and Natural Resources, Alex White T.D. visited Saint John of God Hospital in Stillorgan following the completion of a €1 million energy upgrade.  The upgrade works included the installation of high efficiency lighting, heating and glazing.  The project, which received €25,000 support from the Sustainable Energy Authority of Ireland (SEAI), was […]

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Uber receives $2bn investment from Chinese firms

Digital company, Uber Technologies said on Wednesday it has received almost $2bn in funding from Chinese investors, some as part of a recent fundraising round that valued the US firm’s Chinese unit at $7bn.
Uber’s main global entity received the rest of the money, though the company did not specify how much each unit got. The […]

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Skyscanner unveils investment plans

Travel company Skyscanner has announced a £128 million investment (€170.25m), taking the website-based firm’s valuation to an estimated £1 billion.
Artemis, Baillie Gifford, Khazanah, Vitruvian Partners and Yahoo! Japan will acquire an undisclosed share of the Edinburgh-based travel provider with the funding.
The new backers will join existing investment partners SEP and Sequoia, with officials hoping the […]

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€18m for development of fishing harbours

The Irish Government has allocated €18m in funding for the development of Irish fishing harbours.
The Infrastructure Capital Programme will fund safety, maintenance and development work as well as providing €2 million to repair storm damage.
The money will be divided between our six fishery harbour centres at Howth, Dunmore East, Castletownbere, Dingle, Rossaveel and Killybegs.
Killybegs (pictured […]

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€10m for Dun Laoghaire shopping centre redevelopment

    €10m for Dun Laoghaire shopping centre redevelopment

The owners of Dun Laoghaire shopping Centre have lodged planning permission for a €10m redevelopment of the site.
Coltard plans to create two large anchor stores, one fronting onto Marine Road (extending to 2,124 sq m over two levels), and one fronting onto Georges Street (extending up to 4,181 sq m over two or three levels).
The centre […]

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L&G backs €250m wind fund for NTR

    L&G backs €250m wind fund for NTR

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 […]

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NTMA to raise up to €10bn in funding in 2016

    NTMA to raise up to €10bn in funding in 2016

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 […]

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Fastcom to create 25 jobs in Sligo

    Fastcom to create 25 jobs in Sligo

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 […]

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Tetrarch to invest €100m in expanding hospitality division

    Tetrarch to invest €100m in expanding hospitality division

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.
Damien […]

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Us property giant to buy Dublin’s One Spencer Dock

    Us property giant to buy Dublin’s One Spencer Dock

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 […]

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Dalata acquires landmark Tara Towers Hotel for €13.1m

    Dalata acquires landmark Tara Towers Hotel for €13.1m

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 […]

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Minister Alex White announces €20 million of grants for energy efficiency

    Minister Alex White announces €20 million of grants for energy efficiency

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 […]

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New €26m geoscience research centre iCRAG at UCD

    New €26m geoscience research centre iCRAG at UCD

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 […]

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GE Healthcare invests $40m to create 140 jobs in Cork

    GE Healthcare invests $40m to create 140 jobs in Cork

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 […]

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Major investment programme for Cork, Kerry

    Major investment programme for Cork, Kerry

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 […]

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Enterprise Ireland ranked third globally for seed investment

    Enterprise Ireland ranked third globally for seed investment

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 […]

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Science Foundation Ireland invests €11million in partnership with Industry and Philanthropic funds

    Science Foundation Ireland invests €11million in partnership with Industry and Philanthropic funds

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, […]

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Carlyle Cardinal Ireland invests in Cork-based Abtran

    Carlyle Cardinal Ireland invests in Cork-based Abtran

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 […]

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Lero software research centre to expand with €46.4 million investment

    Lero software research centre to expand with €46.4 million investment

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 […]

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Irish owned Team Horizon expands to the U.S.

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 […]

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SFI Europe and AbbVie announce €10m investment

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 […]

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Voxpro and Bons Secours to announce hundreds of jobs

    Voxpro and Bons Secours to announce hundreds of jobs

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 […]

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US firm Digital Realty to invest €150m in expansion of Dublin data centre

    US firm Digital Realty to invest €150m in expansion of Dublin data centre

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 […]

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Northern Ireland to slash corporation tax from 20pc to 12.5pc

    Northern Ireland to slash corporation tax from 20pc to 12.5pc

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 […]

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Chinese ICT firm Huawei to create 50 jobs in Dublin by 2016

    Chinese ICT firm Huawei to create 50 jobs in Dublin by 2016

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 […]

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25,000 jobs targeted for the West

    25,000 jobs targeted for the West

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, […]

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266,000 new jobs promised by the Coalition in the five years

    266,000 new jobs promised by the Coalition in the five years

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 […]

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LacPatrick co-op to invest in Co Tyrone expansion

    LacPatrick co-op to invest in Co Tyrone expansion

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 […]

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Molson Coors to acquire SABMiller’s stake in MillerCoors

    Molson Coors to acquire SABMiller’s stake in MillerCoors

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 […]

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