Eric Kinsella, majority shareholder and executive chairman of Jones Engineering, with his wife Barbara Kinsella. Photograph: The Irish TimesIrish company Jones Engineering has been acquired by US group Cathexis Holdings in what is believed to be a deal worth more than €1 billion. Jones Engineering is a global company that focuses on large-scale infrastructure projects in the pharmaceutical, healthcare, IT and data-centre industries. It’s understood talks between Cathexis and Jones Engineering about a possible takeover resumed in recent weeks, and a breakthrough followed. “It is the right time for Jim and myself to depart and allow a new owner lead the next phase of expansion and growth for Jones Engineering,” they said.

Source: The Irish Times June 03, 2022 09:53 UTC