Companies

Profits surge at Denis O’Brien’s Actavo after offloading its sales and hiring arm

Prior to rebranding as Actavo, the company was known as Siteserv, which was at the centre of major controversy over recent years around how Denis O’Brien acquired the organisation

Billionaire businessman Denis O’Brien. Picture: Maura Hickey

Profits at Actavo, the Denis O’Brien-owned firm, soared last year after the company sold a key business division to a French rival.

The engineering services firm reported net profits of more than €12 million for 2021 - a sixfold increase on the €1.9 million it made in 2020.

Prior to rebranding as Actavo, the company was known as Siteserv, which was at the centre of major controversy over recent years around how Denis O’Brien acquired ...