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31/05/2023

PM Group Acquires Milestone

Irish headquartered PM Group has acquired Milestone Solutions (Milestone). Milestone specialises in implementing digital technologies to manage and optimise complex manufacturing systems for operational efficiency and regulatory compliance in the Pharma, Life Sciences and FMCG sectors.

The acquisition will improve PM Group's automation and smart manufacturing service offering to clients in Ireland and internationally. Milestone will operate under the brand Milestone, a PM Group company.

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Milestone recorded revenues of €18.5m in 2022 and forecasts revenues of circa €25 million this year. The company currently has a team of 160 people and has live projects in Ireland, the USA, Belgium and Germany.

PM Group and Milestone have a number of common clients including MSD, Lilly, Pfizer and Alexion. The companies have previously partnered to deliver projects where complex automation or smart manufacturing was required.

Milestone is led by Managing Director, Will Wilmot, and Operations Director, Kieran Nolan. Both Will and Kieran will remain with the business, supporting the integration process and leading PM Group’s automation offering.

The acquisition is subject to clearance from the Competition and Consumer Protection Commission.

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