Irish firm Writech acquires Compco fire systems


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Writech, an Ireland-based fire protection company, has made its first acquisition since securing a multimillion-euro investment last year.

The company has snapped up Compco Fire Systems, a British provider of automatic fire suppression systems. While no details surrounding the deal value have been disclosed, industry sources estimate Writech paid just over £16.6m (€20m) to acquire the company, Irish Times reported.

Writech managing director Ted Wright told the news outlet the deal would add £33.2m (€40m) to revenues and cement its position as one of Europe’s largest fire protection companies.

Founded in 1988 and headquartered in Worcester, Compco employs over 200 people across six offices. Wright, whose parents Mary and Thomas Wright founded Writech in 1981, said the deal for Compco was just one of a number of acquisitions the company was looking at as it looked to scale. Ted Wright and his brother Alan Wright took over the business in 2008.

The company expansion comes after private equity firm Waterland took a majority stake in Writech last year and signed off on plans for it to accelerate its UK and European growth strategy and double capacity at its design and innovation centre in Mullingar.

Wright said expansion was focused on acquisitions outside of the State, with a deal for a company in the Nordics expected to close shortly. “With expansion we’re creating 40 jobs now in Mullingar, 30 of which are design engineering roles,” he told Irish Times.

Among the projects the company has worked on include the Department of Heath’s headquarters in Mieseian Plaza in Dublin.

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