Companies

Bord na Móna sells 50 per cent stake in smart grid firm Viotas

The semi-state company will make a significant return on investment after buying into the Limerick-based smart grid firm in 2016

The company, founded in 2013 by Paddy Finn and Duncan O’Toole, aggregates demand response contracts for large energy users

Bord na Móna has sold its 50 per cent stake in Viotas, the Limerick-based smart grid firm.

The company, founded in 2013 by Paddy Finn and Duncan O’Toole, aggregates demand response contracts for large energy users.

Viotas’ founders partnered with Goodbody to execute a management buyout of the semi-state company’s 50 per cent stake in the business. The deal also involves the provision of growth capital to support Viotas’s international expansion plans.

Bord na Móna ...