Irish engineering consultancy ByrneLooby acquired by Ayesa
RDJ advised Irish engineering consultancy ByrneLooby on its acquisition by Spanish technology and engineering giant Ayesa.
Founded in 1998 and employing more than 225 people across 14 offices in Ireland, Britain and the Middle East, ByrneLooby provides engineering and design services across a number of specialist sectors including marine and coastal, buildings, transportation, energy, environment, water and waste management. The ByrneLooby management team will remain in place following the transaction and the business will continue to grow its wider team of professionals across Ireland, the UK and the Middle East, in line with its ambitious growth plans.
Ayesa, which is headquartered in Spain, is one of the world’s largest engineering firms and a leading provider of technology services such as artificial intelligence, data analytics, cybersecurity and cloud computing. The Group employs over 5,400 people in 17 countries across Europe, Latin America, Asia and the Middle East, and has a turnover of approximately €256 million. The acquisition of ByrneLooby will add approximately €24 million in annual revenues to AYESA and represents a key milestone in AYESA’s plans to expand into major English-speaking markets, where major national infrastructure plans are in place.
The RDJ transaction team included Gillian Keating, Sean O’Reilly, Liam O’Keeffe, Teniola Ayeni (Corporate and Commercial), Brendan Cunningham (Banking), Mark Ludlow (Tax), Claire Macken (Employment), Simon Lynch and Evan Collins (Property).