Turbine firm Optinergy buys rival in €10m deal
Deal will deliver €5m in extra revenue for Cavan firm
Irish wind farm maintenance expert Optinergy has closed a deal worth up to €10 million for its competitor, Lotus Energy Systems, in a deal that will form an Irish heavyweight to go toe-to-toe against international providers operating here.
While no price was disclosed, market sources indicated that industry standard revenue multiples would suggest a price of between €8 million and €10 million.
Optinenergy said that the deal would deliver an additional €5 million in revenue...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year