Deal Details: Dublin-based construction company Ardmac has acquired a significant equity stake in Cental. The financial consideration of the deal was not disclosed.
Ardmac is a leading provider of high-tech cleanrooms, data centre solutions, specialised refurbishments, and a builder of turn-key manufacturing facilities across Europe. In its most recently filed accounts to December 2018, Ardmac Group Limited recorded revenue of €156.7m and EBITDA of c. €3.9m.
Based in Carlow, Cental is a provider of advanced modular infrastructure to the data centre, utilities, and telecommunication industries. It plans on doubling its workforce to 140 in the next two years following the investment. Prior to the share sale, Cental was owned by shareholders including John Moore, Raymond Flynn, Brian Maguire and others.