Engineering consultancy ByrneLooby acquired by global tech firm AYESA
ByrneLooby provides has become an internationally regarded engineering consultancy employing over 225 professionals in 14 offices including the Middle East and provides expert engineering and design services
International technology and engineering services firm AYESA has completed the acquisition of Irish-UK engineering consultancy ByrneLooby, for an undisclosed fee.
Founded in 1998, ByrneLooby has become an internationally regarded engineering consultancy employing over 225 professionals in 14 offices including the Middle East and provides expert engineering and design services covering a number of specialist sectors including marine and coastal, buildings, transportation, energy, environment, water and waste management.
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 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 globally including Ireland, the UK, USA, and Australia, along with the Middle East, where major national infrastructure plans are in place, said the Spanish firm.
Commenting on the announcement, José Luis Manzanares Abásolo, CEO of AYESA, said that the integration of ByrneLooby into AYESA will generate significant synergies as both firms are highly complementary.
“ByrneLooby and AYESA are fully united in their passion for finding the best solutions to the world’s greatest engineering and technical challenges, making our businesses a perfect fit for each other. Looking forward, the robust scale of AYESA internationally and the sophisticated resources and infrastructure that underpin our business across each market will enable ByrneLooby to grow at an accelerated pace, thus realising the full potential of the ByrneLooby business and its team of industry renowned professionals.”
ByrneLooby’s 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.
John Byrne, Managing Director at ByrneLooby, explained: “This transaction brings two highly complementary businesses together and represents a significant expansion to our service offering in ByrneLooby. We are hugely excited to join one of the world’s biggest engineering and technology firms and our aim now is to drive significant growth for AYESA across our core markets through our blended capabilities and expertise, leveraging AYESA’s market-leading reputation.”