Irish engineering group Entegro has announced the acquisition of renewable energy company ACEL Energy.
The deal will see Entegro form a new entity, Entegro Energy, and will see it increase its workforce from 200 to closer to 300 over the coming years.
Entegro said the new entity will bring complementary capabilities under one roof and provide services including the design, commission and operation of power systems and storage at scale.
The company said it will also build on its established partnership with high and medium-voltage engineering company Nahanagan Electrical.
Revenue at Entegro has grown to over €60m, with plans to take the company to over €100m in the coming years.
“The board and I welcome the ACEL team to the Entegro group,” said John Rooney, Group CEO, Entegro.
“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,” Mr Rooney said.
Barry Sherry, Managing Director at ACEL Energy, said joining Entegro allows it to scale engineering-led renewable generation and storage.
“It is an exciting platform to be part of, and our commitment to our existing clients is only stronger for it,” Mr Sherry said.
