Latest news with #Dussmann
Irish Post
06-07-2025
- Business
- Irish Post
German company Dussmann acquires Dublin-based Lynskey Engineering
DUSSMANN GROUP, the German international multi-service provider, has acquired specialist mechanical engineering company, Lynskey Engineering. The multinational Dublin-headquartered firm has around 120 direct, highly-specialised employees and an annual revenue of €60m. The acquisition strengthens the Dussmann Technical Solutions division, which has acquired several other technical services companies, including the Irish STS Group, a multinational specialist electrical engineering company based in Waterford. "This provides an excellent opportunity for both our clients and employees," said Lynskey Managing Director Sean McElligott. Comprehensive and powerful service Lynskey is one of the leading mechanical building services contractors in Ireland. It has successfully completed specialist technical projects for blue chip clients in the data centre, pharmaceutical, retail, commercial and energy sectors. The group provides specialist mechanical design, engineering, installation and commissioning services for its clients across Europe. Lynskey also provides technical maintenance services for clients in Ireland. "We already have worked with Lynskey on delivery of several successful projects in the data centre sector," said Stephan Possekel, Managing Director at Dussmann Technical Solutions. "Lynskey's portfolio of mechanical services seamlessly complements STS' electrical engineering services." The combined entity will offer clients a more comprehensive and powerful service portfolio, especially for those in the pharmaceutical sector, an industry Dussmann successfully operates in. 'Increased opportunities' The existing employees of Lynskey will be unaffected by the deal, while the senior management team, including Mr McElligott, will remain in their existing roles post-acquisition. "Our clients will continue to enjoy the same level of superior service provided by our team, delivering complex technical mechanical projects within time and on budget, and will post-acquisition also benefit from the increased scale and service capability we can offer as part of a ca. €3.3bn turnover group," he said. "Similarly, our employees will find increased opportunities provided by the ambition and support of Dussmann to grow our business further. "Myself and the entire senior management team are very excited to become part of the Dussmann Group and are looking forward to our new future together." Both parties have agreed to keep the purchase price confidential. See More: Dublin, Dussmann, Lynskey Engineering
Irish Times
03-07-2025
- Business
- Irish Times
Dublin-anchored Lynskey Engineering to be snapped up by German giant
German engineering giant Dussmann has agreed to acquire Irish-headquartered mechanical and electrical specialist Lynskey Engineering for an undisclosed price. The deal, which is subject to regulatory approval and was notified to the competition watchdog on Wednesday, is expected to be completed in the third quarter, the Berlin-headquartered company said in a statement on Thursday morning. The purchase price is confidential, the firm said. Lynskey generated an annual turnover of more than €57 million, according to its most recently available set of accounts, and currently employs around 120 people across the group. Based on the Kylemore Road in Dublin 10, Lynskey specialises in mechanical building services and electrical engineering. It has delivered projects for multinationals including Kerrygold-maker Ornua at its facility in Mitchelstown, Cork, as well as Penneys owner Primark, and LinkedIn, according to its website. READ MORE Dussmann, which reported annual revenues in excess of €3 billion in 2024, first entered the Irish market in 2019 with the acquisition of STS Group, a Waterford-based firm. Sean McElligott, Lynskey's managing director and controlling shareholder, said the deal presents the Irish firm with an 'excellent opportunity' growth. He said: 'Our clients will continue to enjoy the same level of superior service provided by our team, delivering complex technical mechanical projects within time and on budget, and will, post-acquisition, also benefit from the increased scale and service capability we can offer as part of a circa €3.3 billion turnover group. 'Similarly, our employees will find increased opportunities provided by the ambition and support of Dussmann to grow our business further.' The deal will see Lynskey join Dussmann's technical solutions division, which incorporates a number of different services across the life cycle of factories and other facilities like data centres, from design to installation and technical maintenance. Stephan Possekel, managing director at Dussmann Technical Solutions, commented on the planned acquisition, said the German firm has already worked closely with Lynskey on several projects in the data centre sector. 'Lynskey's portfolio of mechanical services seamlessly complements STS's electrical engineering services', he said. Oliver Finckh, chief technical officer and managing director, said: 'The acquisition of Lynskey will enable us to offer both main trades – mechanical as well as electrical services on complex large-scale projects, thus being a single source provider of mechanical, electrical, and plumbing services.' Lynskey was advised by Anglesea Corporate Finance.
Irish Examiner
03-07-2025
- Business
- Irish Examiner
Dublin engineering firm acquired by German group
German engineering firm Dussmann has announced it will acquire Dublin-based Lynskey Engineering for an undisclosed sum. Dussmann is a multi-service provider of solutions across various fields, including integrated facility management, food services, and technical plant and systems engineering. It is the largest division of the Dussmann Group, an international company that has 70,000 employees in 21 countries. The group generated annual sales of about €3.3bn last year. The acquisition is subject to approval by the Irish antitrust authorities and is expected to be completed over the coming months. Lynskey, which was established in 1964, is a specialist mechanical engineering services provider, which has operations across Ireland, the UK, and mainland Europe. It has a wide range of blue chip clients in the commercial, data centre, healthcare, retail and energy sectors. During its latest financial year, it had a reported turnover of about €60m. The existing employees of Lynskey will be unaffected by the transaction. The senior management team of Lynskey, including its managing director Sean McElligott, will remain in their existing roles after the acquisition goes through. Mr McElligott said this deal was an 'excellent opportunity for both our clients and employees'. 'Our clients will continue to enjoy the same level of superior service provided by our team, delivering complex technical mechanical projects within time and on budget, and post-acquisition will also benefit from the increased scale and service capability we can offer as part of the group,' he said. Dussmann Technical Solutions division was established in May 2019 and has already made a number of other acquisitions, including the STS Group, which is based in Waterford. The company said the acquisition of Lynskey adds to the existing portfolio 'in-house capabilities and brings for the first time the ability to self-perform specialist mechanical services'. Dussmann Group chief executive Wolf-Dieter Adlhoch said the goal with the acquisitions was to 'establish and expand our range of engineering services for clients with complex technical demands and mission critical systems in the industrial, energy and data centre sectors.' Read More Cork-headquartered Adapt IT acquired by Ekco
