Menu
06/09/2007
Siteserv Purchases Sierra For €46 million
Construction services firm Siteserv has acquired utilities service provider Sierra Communications Ltd for €46 million (£31 million).
Siteserv has agreed to pay €46 million on completion of the acquisition, out of which €41.4 million will be paid in cash and the remaining share issue at €0.59.
Brian Harvey, chief executive of Siteserv said: “We are delighted with the acquisition of Sierra which is a leader in the provision of utility and infrastructural services in Ireland. The acquisition of Sierra fits within the Siteserv strategy to develop into a broadly based site services group and re-emphasises our plans to grow the company both organically and through acquisitions.”
Sierra provides services to the power, telecommunications and civil engineering markets in Ireland.
It operates four sites at Nangor Road, Dublin 12, Dunboyne, Co Meath, Ballyjamesduff, Co Cavan and Spierstown, Co Donegal.
(CD/SP)
Siteserv has agreed to pay €46 million on completion of the acquisition, out of which €41.4 million will be paid in cash and the remaining share issue at €0.59.
Brian Harvey, chief executive of Siteserv said: “We are delighted with the acquisition of Sierra which is a leader in the provision of utility and infrastructural services in Ireland. The acquisition of Sierra fits within the Siteserv strategy to develop into a broadly based site services group and re-emphasises our plans to grow the company both organically and through acquisitions.”
Sierra provides services to the power, telecommunications and civil engineering markets in Ireland.
It operates four sites at Nangor Road, Dublin 12, Dunboyne, Co Meath, Ballyjamesduff, Co Cavan and Spierstown, Co Donegal.
(CD/SP)
Related Irish News Stories
Click here for the latest headlines.
28 July 2011
Eircom To Invest Over €100m In Fibre Rollout
Eircom Group have today announced Phase one of a plan to significantly upgrade Ireland’s telecommunications infrastructure by rolling out fibre based access technologies delivering superfast broadband to customers. Separately, the company also announced it will launch television services next year.
Eircom To Invest Over €100m In Fibre Rollout
Eircom Group have today announced Phase one of a plan to significantly upgrade Ireland’s telecommunications infrastructure by rolling out fibre based access technologies delivering superfast broadband to customers. Separately, the company also announced it will launch television services next year.
10 July 2009
Gardaí Seize Two Million Contraband Cigarettes
A successful operation to net a huge haul of illicit tobacco products in Dublin has just been revealed. The joint operation was between the Garda Siocahana and the Irish Customs Service at Dublin Port. It has resulted in the detection and seizure of what are believed to be two million contraband cigarettes.
Gardaí Seize Two Million Contraband Cigarettes
A successful operation to net a huge haul of illicit tobacco products in Dublin has just been revealed. The joint operation was between the Garda Siocahana and the Irish Customs Service at Dublin Port. It has resulted in the detection and seizure of what are believed to be two million contraband cigarettes.
14 November 2008
British Men Remanded Over €500M Cocaine Seizure
The three British men charged in connection with a €500 million cocaine seizure off the coast of West Cork have been remanded in continuing custody after Thursday's court appearance. Philip Doo, 52, Christopher Wiggins, 42, and David Mufford, 44 were in Kinsale District Court this morning facing charges under the Drugs Trafficking Act.
British Men Remanded Over €500M Cocaine Seizure
The three British men charged in connection with a €500 million cocaine seizure off the coast of West Cork have been remanded in continuing custody after Thursday's court appearance. Philip Doo, 52, Christopher Wiggins, 42, and David Mufford, 44 were in Kinsale District Court this morning facing charges under the Drugs Trafficking Act.
12 March 2008
Cigarettes Seized In Laois
Revenue Commissioners have seized between eight and nine million contraband cigarettes in Co. Laois. It is understood that the cigarettes, which were valued at €3 million, were found in a container, which was wrongly delivered to an address in Durrow. It is believed that the container came from Spain and passed through Dublin Port.
Cigarettes Seized In Laois
Revenue Commissioners have seized between eight and nine million contraband cigarettes in Co. Laois. It is understood that the cigarettes, which were valued at €3 million, were found in a container, which was wrongly delivered to an address in Durrow. It is believed that the container came from Spain and passed through Dublin Port.
28 August 2007
Cocaine Seizure In Co. Louth
Cocaine with an estimated street value of one million euros has been seized by gardai in Co. Louth. It is understood that 12kg of the drug were found during a raid by local detectives and members of the Garda National Drugs Unit on a house in Dunleer on Tuesday morning.
Cocaine Seizure In Co. Louth
Cocaine with an estimated street value of one million euros has been seized by gardai in Co. Louth. It is understood that 12kg of the drug were found during a raid by local detectives and members of the Garda National Drugs Unit on a house in Dunleer on Tuesday morning.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
