Obelisk will be a part of Grupo Visabeira to extend its small business further into Europe and the US.
Irish engineering services enterprise Obelisk has been obtained by Constructel Visabeira, a telecommunications and electricity networks engineering firm based in Portugal. It is a subsidiary of the multinational conglomerate Grupo Visabeira.
Founded in 1996, Obelisk now employs all-around 250 men and women throughout Eire and the British isles. It is headquartered in Cavan.
In becoming a member of Grupo Visabeira, the Irish business will be able to extend its latest functions into new marketplaces these types of as France, Germany, Belgium, Portugal, Spain, Italy, Denmark, Sweden and the US.
Obelisk will continue to supply its current companies to shoppers in the Irish and Uk telecoms and electricity sectors as section of the Portuguese conglomerate.
It will also maximize its complex ability to assistance create further more development possibilities in digitalisation, technological innovation infrastructure, fibre deployment and the ongoing intercontinental expense in cellular and wireless networks.
Obelisk’s newly appointed CEO, Ronnie Delaney, claimed he is very pleased to welcome a new chapter in the company’s expansion. “The coming together of Obelisk and Constructel Visabeira will produce just one of Europe’s main telecommunications and power companies businesses, with predicted annual turnover in excessive of €1bn.”
Delaney extra that Obelisk would be “well positioned” to speed up new advancement options, as well as continue investing and increasing its workforce throughout the British isles and Ireland.
Obelisk founding administrators Colm Murphy and Padraig Brady, who begun the enterprise 26 many years ago, said they glimpse ahead to “this new era of business enterprise and continued achievements with Constructel Visabeira” in a shift that can present consumers throughout the globe a extra diversified service giving.
Constructel Visabeira CEO Nuno Marques welcomed Obelisk to the team.
“We position quality and performance at the centre of almost everything we do, and as we seem towards new traits in the telecoms, electric power and technology sectors, our new partnership with Obelisk will complement our overarching eyesight to significantly meet up with the global requirements of our numerous intercontinental marketplaces,” Marques said.
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