Headquartered in Waterford, Ireland, Suir is currently owned by EDF Energy Services, a joint venture between the French energy group EDF and Dalkia, an energy services and facilities management subsidiary. EDF Energy Services acquired Suir in 2017.
Suir has close to four decades of engineering expertise in its core sectors of life sciences, renewable power and technology, and employs more than 1,200 people. With offices in Dublin, Waterford, Stockholm, Copenhagen and Frankfurt, the company has a superb track record of delivery in core project focus and an excellent safety history. The business supports 320 apprentices.
Paul Adams, Partner at Duke Street, commented: “Equipped with a skilled workforce, cutting-edge technology and a healthy pipeline of projects, Suir has significant growth potential in Europe across all of its highly attractive end sectors. We have been impressed with Suir’s growth strategy and we look forward to actively supporting the existing management team in delivering their ambitious plans.”
Michael Kennedy, Managing Director, Suir Engineering, said: “Together, we will accelerate Suir’s growth by expanding the business proposition to include more international work in key client sectors such as technology, renewables and life sciences facilities. We believe this will consolidate our position as a leader in the provision of mechanical, electrical and instrumentation engineering services that are expertly delivered by our very experienced team.”
The completion of the transaction remains subject to obtaining applicable regulatory approvals.