This article is from page 12 of the 2013-02-19 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 12 JPG
A NUMBER of new jobs are on the way for Shannon, following the expansion of local firm Tekelek in the UK market.
The Tekelek Group have announced the purchase of English-based company Ingenion Design for an estimated € 2 million. It is thought that this investment will help the company to expand into the markets of Europe and further afield and could provide a major springboard for the Clare company.
The company, which already employs 30 people at its Shannon headquarters, is understood to be planning to increase its staff to meet the increased demand expected follow- ing the purchase.
“Ingenion Design is an excellent strategic fit for Tekelek. Since its establishment in 1984, its innovative designs have been recognised by a series of awards under the UK’s Small Firms Merit Awards for Research and Technology (SMART) run by the UK’s Department for Trade and Innovation,” said Tekelek founder and managing director Peter McCarthy.
“Like Tekelek, it has developed many new technologies within its market and beyond through linkages with leading experts and universities. Its latest innovation, a novel method of measuring the calorific value of natural gas, was developed jointly with the research team at British Gas, and it now has an exclusive manufac- turing licence to produce this product for CUI Global.”
The product has already been tested and trialled across Europe, the US, Canada and South America and is set to transform Ingenion, with turnover expected to double in the next two years.
“This acquisition will give Tekelek access to new technologies, new sectors and new markets. Our Shannonbased workforce will expand incrementally over time from its current level of 30 employees,” continued McCarthy.
Tekelek has partnered with distributors In Australia, US, and other world markets. Founded in 1995, the company is a provider of level sensing and tank monitoring solutions for oil, LPG gas and water tanks.