LIMERICK engineering firm H&MV has announced a major investment plan that will see it double its workforce with an additional 150 jobs coming on stream over the next five years.
An Taoiseach, Leo Varadkar TD, was on hand at H&MV Engineering in Limerick this Friday to make the announcement as the firm celebrated 20 years in business,
Employee numbers at the market leading high voltage specialist firm will increase to 300 over the next three to five years.
In 2015, a management buyout led by PJ Flanagan CEO and John Stokes, Executive Director facilitated the retirement of the founding shareholder.
The management buyout was supported by MML Growth Capital Partners Ireland Limited who became shareholders at that time.
H&MV’s management team have grown the business significantly. Turnover in 2015 was €7m and is on target to reach €33M for 2018. The company provides its services to a diverse range of sectors including utilities, data centres, pharmaceuticals, renewables and food & beverages.
PJ Flanagan, CEO of H&MV, who was the first electrical apprentice to be hired by the company 20 years ago, said: “The Company plans to increase the number of Electrical Apprentices, Electricians, Design Engineers, Graduates, Project Managers, Skilled Industry Specialists and Support Staff not alone in Ireland but at our international bases. Currently H&MV is working as the principal contractor for major turnkey projects in Europe and we are ambitiously expanding into new markets and territories. We have a presence in Ireland, UK, Norway, Sweden, The Netherlands and South Africa and plan to be operational in other countries in the near future. We firmly believe our success stems from the entire team at H&MV Engineering. Our core values are loyalty, integrity, commitment, working safely, teamwork and passion. It’s all about our people.”
H&MV Executive Director, John Stokes said: “We have developed our own Training Centre here in Limerick and offer among other specialist courses, the only City & Guilds High Voltage Switching & Operations accredited course in the country. Our training facility enhances our ability to deliver our tailored Apprentice and Graduate Development Programmes. It provides our staff with the platform to develop their career and achieve promotion from within the organisation. This also provides our team with the skillset and knowledge to deliver our projects to the highest international quality and safety standards that exceed client expectations.”
An Taoiseach Leo Varadkar said: “H&MV Engineering is one of the great success stories of the Mid West and I’m delighted to be here today as it announces it is doubling its workforce over the next 5 years, creating 150 high quality jobs at its facility here in Limerick. I would like to congratulate the management team for growing the company and its revenues significantly over the last few years. I’m really pleased to see H&MV expanding its footprint overseas, with further expansion planned in the years ahead.
“Innovative, indigenous companies like H&MV are a driving force in the Irish economy. The Government has very ambitious plans for the Mid West region. I am committed to the construction of the M20 between Limerick and Cork. Limerick is doing well economically, but we want it to do better and want it to be a good place to work, study and live, competing with Dublin, Cork and Galway. To help this region to thrive we are going to continue to invest in infrastructure, including projects which will improve access to regional locations, and which will in turn be of benefit to companies like H&MV.”
Commenting on H&MV Engineering’s announcement, an Enterprise Ireland backed company, Jerry Moloney, Enterprise Ireland Regional Director (South/ South East & Mid West Region said “As an Enterprise Ireland backed company, Enterprise Ireland has supported H&MV Engineering to enter new markets and achieve its international growth. H&MV Engineering is an exemplary example of an innovative Enterprise Ireland client company that is expanding internationally and creating employment domestically. Today’s announcement is a hugely positive development for the company and for employment in the Mid West.”
See more Limerick news here