Industrial services group Pyeroy has acquired an Irish engineering contractor to expand its services throughout Ireland and the UK.
Pyeroy has acquired the Cork-based electrical instrumentation and data communications contractors, CEI, for an undisclosed sum.
CEI was established in 1988 and has a current turnover of £3 million. The company has worked for GlaxoSmithKline for more than 20 years. CEI’s managing director, Derek Byrne, has been appointed as board director of Pyeroy and will be responsible for all its operations in Ireland.
Pyeroy managing director Hugh Pelham said: “This is a key strategic acquisition for us in an important geographical market.
“CEI is a well established business and the new arrangements will enhance the range of services available from Pyeroy in Ireland and the UK industrial services market.”
The group has also acquired the scaffolding assets along with several running contracts from former Stockton-on-Tees firm; Spectrum Access Ltd.
Pyeroy is based in Gateshead and employs 1,000 people working on industrial, construction and marine projects throughout the UK and Ireland.