Bachy Soletanche acquires Irish based McDonnell Piling and Foundations
Leading geotechnical specialist, Bachy Soletanche Limited has announced that it has purchased the piling contractor, McDonnell Piling and Foundations Limited with immediate effect. The acquisition by Bachy Soletanche will provide the support structure for McDonnell Piling to further increase its scope and capabilities in the Irish marketplace.
Based in Cork and with an annual turnover of approximately €5million, McDonnell Piling specialises in augured piling and grouting, ground anchors and soil nails. Through the purchase, the piling contractor will become the local base of Bachy Soletanche in Ireland while continuing to trade under its own name.
Speaking of the acquisition, Martin Pratt, Managing Director at Bachy Soletanche Limited, commented:
“The acquisition will take advantage of the synergy between the two companies. As such, it will expand the capacity of McDonnell Piling and for Bachy Soletanche will provide increased opportunities to get involved with larger projects within the country. The arrangement will benefit everyone concerned, and we look forward to a successful future in Ireland.”
The Managing Director of McDonnell Piling and Foundations, Kevin McDonnell is a previous employee of Bachy Soletanche and therefore has existing knowledge of the firm’s capabilities and position in the market. He will therefore continue to manage McDonnell Piling and will be the senior representative of Bachy Soletanche in Ireland.