PM Group acquire Cork based Milestone Solutions
TALLAGHT project delivery specialist firm PM Group has acquired automation firm Milestone Solutions.
Milestone, which is based in Cork, specialises in implementing digital technologies to manage complex manufacturing systems.
It works with companies in the pharma, life sciences and fast-moving consumer goods (FMCG) sectors.
Milestone, which employs 160 people, reported revenues of €18.5m last year, with revenues of €25m forecasted this year.
The value of the deal was not disclosed.
The company will now operate under the name Milestone, a PM Group company, following the acquisition.
PM Group and Milestone have previously partnered on projects which have required complex automation and also share a number of clients, including Pfizer and MSD.
PM Group now employs over 3,500 people and manages over €6bn in capital projects.
The project delivery business helps to construct complex infrastructure, such as data centres and pharmaceutical manufacturing plants.
“Automation and integration services are key components of our growth strategy and acquiring a top-class company in Milestone will accelerate our ability to become an industry leader in this area,” PM Group chief executive Dave Murphy said.
“Combining PM Group’s scale and delivery capability with Milestone’s digital systems expertise, will allow us to deliver greater value to our clients both in capital project investments and ongoing facility management,” added Milestone managing director Will Wilmot.
Last month, PM Group announced the location of its new office as Raleigh-Durham, North Carolina.
The office is being established to meet rapid growth in life sciences providing design, engineering, architecture, and commissioning/qualification services.
The venture coincides with PM Group’s 50th anniversary and more than 10 years in the USA. The office is expected to open in July 2023 and will be the fifth PM Group office in the USA.
In the USA, PM Group has offices in Boston, Philadelphia, Northern and Southern California, and has doubled in size and revenues over the past four years.
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