Industry & Business

Investment

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

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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

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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

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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

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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

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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

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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.

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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

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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.

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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

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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

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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

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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

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

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

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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

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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

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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

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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

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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.

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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

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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

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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

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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.

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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

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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

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

HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland responsible for the all-island promotion of business angel investment, today unveils

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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

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Ricoh unveils €250K investment in new Document Services Centre

Ricoh Ireland today announces an investment of €250,000 in a new 12,000ft² Document Services Centre in Glasnevin, Dublin. The facility

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

Ireland’s leading fresh coffee company, Bewley’s, will further grow its direct links with coffee producers in developing countries by converting

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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