Duke Street, a European mid-market private equity group, is to acquire Suir Engineering, a provider of innovative mechanical, electrical and instrumentation engineering solutions across Europe.Â
Duke Street, a European mid-market private equity group, is to acquire Suir Engineering (Suir), a provider of innovative mechanical, electrical and instrumentation engineering solutions across Europe.
Headquartered in Waterford, Ireland, Suir is currently owned by EDF Energy Services, a joint venture between the French energy group EDF and Dalkia, an energy services and facilities management subsidiary. EDF Energy Services acquired Suir in 2017. The completion of the transaction remains subject to obtaining applicable regulatory approvals.
Suir has close to four decades of engineering expertise in its core sectors of life sciences, renewable power and technology, and employs more than 1,200 people. With offices in Dublin, Waterford, Stockholm, Copenhagen and Frankfurt, the company has a superb track record of delivery in core project focus and an excellent safety history. The business supports 320 apprentices at any one time and has a strong track record for retaining staff, which is testament to its continued investment in professional development.
