Jobs boost for clare as Shannon based company Tekelek acquires UK company
Shannon based company Tekelek acquires Ingenion Design in €2m deal
Tekelek Group are a leading provider of level sensing and tank monitoring solutions for oil, LPG/gas and water. The announcement of their recent €2 million acquisition of Cambridgeshire based Ingenion Design Ltd. is funded from its own resources, and is very welcome news for the locality.
Founded in 1995 by Liscannor native Peter McCarthy, Tekelek employs nearly 30 people in the Shannon Free Zone and at sister plant in Sixmilebridge, Co. Clare – Forcefield Active Technology.
About Tekelek Group
Tekelek manufactures electronic control systems for the tank-monitoring and heating, ventilation and air conditioning (HVAC) controls market. It specialises in niche product requirements where innovation and flexibility is the key.
Its tank monitoring division provides solutions for domestic fuel users, fuel distribution companies, industrial and water sectors. Solutions include tank sensors, remote monitoring systems and web-based information systems.
Its HVAC controls division designs and manufactures customised electronic controls for the HVAC sector. It designs and manufactures product for leading brands in the domestic boiler, cooker and heating appliance markets.
With an increasing emphasis on water management, Tekelek’s water tank monitoring business is set to grow. The company has already partnered with distributors In Australia, US, and other world markets.
Tekelek was a winner in the Deloitte Best Managed Companies Awards programme 2012.
“The takeover of the UK firm is good news for the Shannon plant with new jobs expected to be created over the next two years due to the new markets the acquisition will open up for the Clare company”
Peter McCarthy (Managing Director)
Ingenion Design Ltd., specialise in the design and manufacture of industrial instrumentation for the petrochemical, process control and other leading industries. Since its establishment in 1984, their innovative designs have been recognised by a series of awards under the UK’s Small Firms Merit Awards for Research and Technology, run by the UK’s Department for Trade and Innovation.
Like Tekelek, it has developed many new technologies within its market and beyond through linkages with leading experts and universities.”
“Ingenion Design is an excellent strategic fit for Tekelek. This acquisition will give Tekelek access to new technologies, new sectors and new markets. Our Shannon based workforce will expand incrementally over time from its current level of 30 employees.”
Peter McCarthy (Managing Director)acquisitions, jobs in clare, jobs in shannon