Skies the limit for TxWireless as it builds on space success

TxWireless, a connected devices business, aims to treble its revenues to €30 million by the end of 2026.

The Dublin based business provides services for the design and manufacturing of connected devices. It primarily serves the healthcare, manufacturing and transport sectors.

TxWireless is part of the Taoglas group. It was originally founded as Firmwave in 2015 by Adrian Burns, Ciaran Burns and Fintan McGovern. The business was acquired by Taoglas in 2019 before being spun out again earlier this year under the rebranded name of TxWireless.

TxWireless has 45 staff, split across Ireland, Poland and the US. It had revenues of €10 million in 2023 and is led by Tomás O’Mahoney as global vice president.

“We created a separate brand identity to create more visibility of our capabilities. Taoglas is traditionally a unit sales business whereas TxWireless is more of a design company. We work with the customer for 6 to 12 months to work on all aspects of the process through to certification and manufacturing,” O’Mahoney told the Business Post.

“It’s deep, heavy engineering. Over the years we have invested millions in research and development. This has enabled us to accelerate the design cycle for customers.”

The business has been supported by Enterprise Ireland, including in aiding with the rebrand to garner more attention for the business.

“They gave us advice around it. They are going to help us get into new markets and new market segments. Enterprise Ireland is providing us with consultancy to assist us. The Taoglas group as a whole is doing a large digital transformation project with Enterprise Ireland and TxWireless is part of that,” O’Mahoney said.

TxWireless now aims to build on its experience working with the European Space Agency (ESA) to drive growth.

“We’ve already worked with ESA on projects. We finished a project in 2021 focused on positioning and navigation technology. We are looking at what projects are coming up with ESA. We have a good relationship with them and hope to work on something with them in the next year,” O’Mahoney said.

The business has a three-year plan to increase revenues from the €10 million recorded last year to €30 million by the end of 2026. It also plans to add another 15 to 20 staff over the same period.

“We didn’t want to stay static, that’s why we took a look at our brand visibility. We were doing fine but we know we can do more. This visibility now gives us the opportunity to put forward what we do and to grow,” O’Mahoney said.

“Everything feeds into our revenue target of €30 million by the end of 2026. I’m pretty sure we can hit that and I’d be disappointed if we didn’t.”

This Making It Work article is produced in partnership with Enterprise Ireland