Network cable supplier Kedington has announced turnover in excess of €10m in the 12 months following a management buyout of the company in March 2003. This represents a 15pc turnover growth in what the company describes as a static market.
Kedington was acquired by Denis O’Brien’s Esat Telecom in 1999 and subsequently became part of the Esat BT group when BT took over the telecoms operator in 2000.
“Although the company has changed hands twice in the space of the past five years, our management team has remained focused on delivering the highest quality of service to Irish customers,” said Matt Porter, Kedington’s managing director, who led the MBO along with another Kedington executive, Colm Lyons.
“Our move back into Irish hands enabled us to fully leverage our understanding of local customer needs, and this in turn is reflected in our success over the period,” he added.
Kedington’s customers include eBay, Merrill Lynch, Special Olympics, Microsoft and Intel. The cable supplier recently secured the largest network tender of the past two years, worth €2m, for the implementation of the data network for the new Cork Airport terminal.
By Brian Skelly
Pictured above, from left: Kedington directors Matt Porter, Willie O’Connell and Colm Lyons.