Buttimer Engineering is forecasting significant growth in the next few years. increasing revenues from €25 million to €65 million

Tipperary engineering business to double its workforce

by · RTE.ie

Tipperary-based Buttimer Engineering is to double its workforce to more than 400 by 2028.

This includes both direct employees and sub-contractors.

Buttimer Engineering is a diversified engineering business specialising in bulk material handling systems and steel fabrication.

The expansion follows a major investment by Development Capital, an Irish development and growth capital fund manager founded in 2013.

Buttimer Engineering is forecasting significant growth in the next few years. increasing revenues from €25 million to €65 million.

The company said it will target growth in areas such as the UK ports and infrastructure sector, the provision of data centre solutions and the creation of an electrical engineering division.

"Being our first external investor this investment and collaboration with Development Capital marks a significant milestone for Buttimer Engineering and aligns perfectly with our long-term vision," said CEO of Buttimer Engineering Fergal Buttimer.

Buttimer Engineering is the 15th investment by Development Capital and its second in Munster, bringing the total value of its investments in Irish SMEs to date to over €125 million.

"We are delighted to complete this investment in Buttimer Engineering," said Development Capital Partner and Co-Founder Andrew Bourg.

"Buttimer Engineering is an established and fast-growing business with a clearly defined growth plan that is led by an experienced and ambitious CEO and senior management team," Mr Bourg said.