Grafton Group plc completes acquisition of TG Lynes in North London

Grafton Group

Grafton Group plc completes acquisition of TG Lynes in North London Grafton Group plc said today that it has completed the acquisition of TG Lynes Ltd, a distributor of mechanical engineering products serving London and the south east region in the UK. The terms of the deal have not been disclosed. The company trades from a purpose built distribution facility in Enfield, North London. The products are used in commercial and public sector buildings, apartments and industrial processes. Grafton Group said the acquisition greatly enhances its coverage of this segment of the merchanting market and is a significant step forward that complements development of the Plumbase Industrial business.  Plumbase Industrial…

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Record exports achieved by EI companies in 2011

Record exports achieved by EI companies in 2011 Frank Ryan, Enterprise Ireland chief executive

Record exports achieved by EI companies in 2011Frank Ryan, Enterprise Ireland chief executive Exports reported by Enterprise Ireland client companies, at €15.2bn for 2011, exceed the pre-recession record levels of 2008, according to the agency’s annual report published today. The report also shows employment levels in Enterprise Ireland client companies stabilised in 2011 with full-time employment in client companies at 141,228 – a similar number to 2010. “The performance of Ireland’s exporting sector in overseas markets in 2011 was remarkable in any context, but particularly against the backdrop of a global economic slowdown,” said Frank Ryan, CEO of Enterprise Ireland. “The impact of this on the Irish economy is enormous. …

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UrParts.com recognised for export focus after 18 months

Only 18 months since the site went live, UrParts.com won the gold prize for Export Startup of the Year at the Vodafone Startup Awards recently. It also won silver in the Digital/Online and Women in Business categories. Started by brother and sister team Simon and Sonya Fitzpatrick, the site connects buyers and suppliers of new and used spare parts around the world . It focuses on the spare parts industry for the construction, agricultural and commercial truck sectors and is 90pc export-driven.The Fitzpatricks came up with the concept having learned from the 40 years’ experience of the construction industry through their family business Fitzpatrick Plant Sales (Fitzplant). “By saving buyers time and money with their free service UrParts.com is becoming an invaluable resource to anyone who requires parts for excavators, bulldozers, tractors, dump trucks, wheel…

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More than €25m in new business announced in first three days of Gulf trade mission

Nine Irish companies have announced new contracts and business developments worth more than €25m during the first three days of this week’s trade mission to the Gulf. The Enterprise Ireland mission, which concludes tomorrow, is being led by Taoiseach Enda Kenny and Minister for Jobs, Enterprise and Innovation, Richard Bruton. The contracts were secured on the Saudi Arabia and Qatar legs of the five-day mission, which now moves on to the United Arab Emirates for the final two days. The new deals announced include Jones Engineering contract worth more than €15m with a major multinational fast-moving consumer goods brand and Escher Group’s deal with Saudi Post to extend their licence…

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Vital to Ireland that EU-US free trade agreement concludes this year – briefing

The EU-US Transatlantic Trade and Investment Partnership (TTIP) offers Ireland an opportunity to make sure its development of a strong institutional framework and investment in an educated workforce are rewarded, according to a former US under secretary of commerce Grant Aldonas. He was the keynote speaker at a high-level briefing on TTIP and its implications for US investment in Ireland hosted by Grant Thornton in association with European Movement Ireland this morning in Dublin. Irish exports to the US are worth over €18bn, and according to Aldonas the TTIP will help further stimulate economic growth between Ireland and the US, and provide confidence and stability for US firms investing in…

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IEA aims to boost Latin America trade with new resource for Irish businesses

Rio de Janeiro

IEA aims to boost Latin America trade with new resource for Irish businessesPictured: Rio de Janeiro The Irish Exporters Association’s Latin America Trade Forum (LATF) is being launched by Minister for Trade and Development, Joe Costello TD, this morning. Based at the offices of the Irish Exporters Association , the new forum will be a resource to Irish businesses interested in developing trade with Latin America. It will bring together Irish companies, industry organisations, State agencies as well as the Department of Foreign Affairs and Trade to foster trade, economic and commercial relations between Ireland and Latin America. “Latin America offers exciting opportunities for Irish companies as we move forward with our export-driven…

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Salmon Software to implement new TMS at UK’s Kelda Group

Salmon Software

Irish-owned Salmon Software has won a contract to implement a new treasury management system at Kelda Group, parent company of Yorkshire Water, which provides water and sewerage services to nearly five million people and 130,000 businesses. According to Christopher Elliff, cash and banking manager, Kelda Group, the company wanted to replace an aging TMS to manage critical transactions across the business, including visibility of short term loans and deposits, long term debt and index linked derivatives and other instruments. Following a pre-selection process the Kelda Group reviewed six TMS solutions. “We selected Salmon Software because they had the best package for our requirements combined with a competitive price,” said Elliff.…

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Sleep monitor launched in Japan using BiancaMed technology

ResMed Inc has announced the launch of the first product in Japan using technology developed by its BiancaMed division headquartered at University College Dublin (UCD). The product, launched by BiancaMed partner Omron Healthcare, is a new wireless sleep monitoring device. The Omron Sleep Design HSL-101 uses BiancaMed technology to offer wireless, non-contact sleep monitoring, which in turn connects to healthcare support services in Japan. The device is part of a new ‘All for Healthcare’ strategy by Omron. To use the Omron Sleep Design HSL-101, a patient places the device beside the bed. With the non-contact sensing technology it measures sleep throughout the night and can report key sleep quality metrics,…

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Scaling the Heights: Irish Success Stories – Sensorpro

Scaling the Heights. Irish Success Stories - Sensorpro

Sensorpro Chris Byrne Limerick-based software company Sensorpro has signed a global partnership agreement with Danish headquartered firm Sitecore, which has significant operations in the US. The reciprocal arrangement will involve Sensorpro’s messaging and feedback platform being offered to Sitecore customers, and Sitecore’s content management system – which allows for the intelligent delivery of highly personalized content for every website visit – being offered to Sensorpro’s customer base. Founded 12 years ago by Christopher Byrne, Sensorpro has over 10,000 customers globally and employs 11 people in Limerick. Irish users of the Sensorpro platform include An Post, Arnotts and Motortax.ie, and it counts global brands such as Ben & Jerry’s, Kraft and…

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