Green Rebel Marine is set to hire across field engineering, technical manufacturing and data analysis after acquiring IDS Monitoring in a €7m deal.
Green Rebel Marine, the offshore windfarm management company set up by Cork businessperson Pearse Flynn last year, has acquired a majority stake in Limerick-based marine data company IDS Monitoring. The deal involves an investment of almost €7m and will create 30 new jobs in Cork and Limerick over the next two years.
IDS Monitoring designs, manufactures and supports state-of-the-art data acquisition systems that monitor key parameters offshore. Its flagship technology is used on hundreds of data buoys in more than 30 countries.
Green Rebel Marine has been expanding its operations in recent months, acquiring Crosshaven Boatyard in Co Cork and a survey vessel, and purchasing a DA42 multi-purpose survey aircraft stationed at Cork Airport.
“Through our series of strategic acquisitions, Green Rebel Marine is now well placed to meet the surveying needs of any provider looking to place power generation equipment offshore,” Flynn said.
“The acquisition of IDS Monitoring means that we continue to build a wholly owned Irish solution, bringing together the best experience on the island to help undertake hugely detailed and precise survey work. I look forward to working further with the team at IDS-Monitoring to develop and deploy their proprietary technology as Ireland looks towards a greener and more sustainable future.”
John Wallace of IDS Monitoring said his company began discussions with Green Rebel Marine last year and “from the outset it was clear that there was a perfect synergy with aligned ambitions”.
“The discussions that followed culminated in IDS Monitoring joining the Green Rebel Marine group, creating an ambitious single point of contact for all marine data requirements. We already deliver data on many marine projects in Ireland and abroad, and with this new investment we will very significantly build capacity and greatly expand our fleet of floating light detection and ranging solutions.”