Ireland
UK
Scotland
London
A total of €3 million is to be invested in the Obelisk Group, headquartered in Cavan.
The investment, by the BDO Development Capital Fund, is supported by matching bank funding which together will drive the expansion in the telecommunications and power infrastructure sectors in both the UK and South Africa.
The project is supported by the Department of Jobs through Enterprise Ireland.
The company expanded into power infrastructure in 2008, followed by the UK in 2009 and South Africa in 2010. The Obelisk Group now comprises 250 engineers and generates annual revenues in excess of €20 million with export revenues currently accounting for 40% of the Group’s revenues.
The BDO Development Capital Fund provides development and growth capital for established, mid-sized and profitable companies to assist them to achieve and accelerate their export-led growth plans.
(CD/LM)
