Irish engineering group Entegro has announced the acquisition of renewable energy company ACEL Energy, marking a strategic pivot into the clean energy sector.
The deal will see Entegro form a new entity, Entegro Energy, and will see it increase its workforce by 100 jobs.
The acquisition signals Entegro's intent to diversify beyond traditional engineering contracts, leveraging ACEL's existing renewable energy portfolio to build a dedicated business unit.
The creation of Entegro Energy suggests a long-term commitment to the sector, rather than a one-off project acquisition.
This move aligns with broader trends in European industrial groups seeking exposure to the energy transition.
By internalizing renewable capabilities, Entegro aims to capture growth in a market increasingly driven by regulatory mandates and corporate sustainability targets.