Deals done this past week


12 Jul 2010

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An overview of the week in deals in the Irish technology sector, including Siemens Healthcare’s €8.5m contract to install financing and healthcare technology at the new €90m Cork Medical Centre, and PFH’s deal with Kentz to provide a fully resilient LAN infrastructure at the Aviva Stadium in Dublin.

Siemens in €8.5m deal to enable Ireland’s most high-tech hospital

Private hospital operator Sheehan Medical has awarded Siemens Healthcare an €8.5m contract to install financing and healthcare technology at the new €90m Cork Medical Centre.

The new hospital will open in Cork in September and will be the first new private hospital facility to open in the city for 30 years.

The contract includes financing for all the hospital’s equipment from Siemens Financial Services, the company’s first deal in Ireland. About half of the €7m is for technology from Siemens Healthcare, including a suite of state-of-the-art equipment, including its flagship angiography, magnetic resonance imaging (MRI), computed tomography (CT), X-ray and ultrasound equipment.

PFH deploys 4,000 data ports at new Aviva Stadium

Cork IT player PFH has signed a major deal with Kentz to provide a fully resilient local area network (LAN) infrastructure at the new Aviva Stadium comprising 4,000 data ports and 84 wireless access points.

The infrastructure will provide Aviva with connectivity for stadium control management and entertainment systems.

It will consist of 87 high-performance access switches that provide almost 4,000 ports across the stadium.

ESB to buy NIE from Viridian for €1.2bn

The Irish energy company Viridian is to sell the networks business of Northern Ireland Electricity (NIE) to the ESB for €1.2bn.

NIE, which employs 1,300 people, owns the regulated electricity transmission and distribution network in Northern Ireland and is responsible for the planning, development, construction and maintenance of the entire network.

The purchase also covers associated businesses of NIE, including NIE Powerteam Limited and Powerteam Electrical Service, which provide electrical construction and maintenance services.

Completion of the transaction is subject to a number of conditions, including approval from the Irish and UK competition authorities and a refinancing of the existing indebtedness of the Viridian Group.  Subject to fulfilment of these conditions, the transaction is expected to complete by the end of 2010.

Following its acquisition by ESB, NIE will continue to operate as a standalone business under the same brand and identity.

EMC powers into analytics business with Greenplum buy

IT infrastructure giant EMC is intent on becoming a major force in the analytics/business intelligence market after acquiring a fast-growing provider of “big data” clouds and self-service analytics, Greenplum.

Greenplum will spearhead a new data computing product division within EMC’s Information Infrastructure business.

The acquisition of Greenplum will be an all-cash transaction and is expected to be completed in the third quarter of 2010, subject to customary closing conditions and regulatory approvals.

Scott McNealy, executive adviser to Greenplum, said EMC’s strength in the enterprise, and Greenplum’s push to fully transform data warehousing and business analytics, makes for a perfect fit.

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