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06/06/2023

Major Acquisition For Irish Engineering Firm Obelisk

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Obelisk has strengthened its offering with a major new acquisition.

The Irish engineering services business acquired the telecoms division of leading international infrastructure group, Balfour Beatty. This comes on the back of Obelisk's acquisition by Constructel Visabeira in 2022.

Acquiring new UK headquarters offices in Southampton, Obelisk will retain Balfour Beatty's existing team of employees and partners. The company's newly expanded geographical footprint will see the team delivering nationwide services and turnkey infrastructure solutions for clients in the UK telecoms, Irish telecoms and energy sectors.

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Speaking on the deal, Obelisk Chief Executive Officer, Ronnie Delaney commented: "We are very pleased to welcome the telecoms team from Balfour Beatty, who together have delivered consistently in this sector for clients such as EE, Cellnex, Cornerstone and Vodafone.

"The team, led by Philip Fensom, will bring knowledge, experience and like-minded values to further enhance Obelisk as a partner of choice in the provision of innovative and quality telecoms infrastructure solutions sustainably and safely. 

"Obelisk will continue to accelerate new growth opportunities in these sectors, going beyond connection to invest in and expand our skilled workforce across the UK and Ireland, and offer more complete solutions for our clients in new and existing markets."

Phil Fensom, Operations Manager, added: "I along with my fellow team members look forward to working with the Obelisk team, to continue to deliver successfully, and assume new challenges as the business goes from strength to strength."

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