Ireland's Electrical Magazine 90 Apr-May

COMPANY NEWS

DEMESNE ELECTRICAL IS EMBRACING ITS ACQUISITION BY SWEDISH MULTINATIONAL OEM… Business as usual

I rish firm Demesne Electrical are confident that its recent acquisition by OEM International will provide more opportunities for the business and help it to move forward in the right direction. The acquisition aims to gradually strengthen the customer offering while maintaining its very strong position in the Irish market. As Ireland’s leading importer and distributor of electrical control, switchgear, energy saving and installation products, Demesne has its headquarters logistically located in Dublin as well as branch offices in Cork and Dungannon.

Demesne Electrical is a highly successful company and has been trading for 45 years within the Irish Business Community and this step will position Demesne well for a brighter future within the OEM Group. The business was founded in 1977 by brothers Noel and Cyril McLoughlin. Existing owners, Dave Williamson, Paul Fitzsimons, and Chris McKenna will continue in their roles, and it will be business as usual for employees, customers and suppliers. Dave Williamson, CEO of Demesne Electrical commented: “Over the last couple of years, our board has been

planning for the next steps in this future growth of Demesne. In this regard, OEM is an ideal fit, and we are certain that Demesne will continue to flourish under this new ownership.” Paul Fitzsimons added: “We wish to thank the customers over the years for their loyal support and the three of us are delighted to be continuing to grow Demesne Electrical. The buy-over was an opportunity to embrace this deal not because we fear the future, but because it excites us.” “We are immensely proud of the success of Demesne Electrical to date and credit that success to the talent,

EXCITING NEW OEM PRODUCTS, COMING SOON TO DEMESNE ELECTRICAL

“Demesne fits well into the OEM group and creates new opportunities.”

28 | IRELAND’S ELECTRICAL MAGAZINE

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