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US Company Acquires Midlands Based Engineering Business

Monday, 10 July 2023 12:55

Photo Credit: sidero.ie

The Westmeath company was established in 2013.

A midlands-based engineering business has been acquired by a US-based company.

GlobalLogic, which is part of the Hitachi Group and is based in Silicon Valley, has announced it's entered into a definitive agreement to acquire Sidero Ltd, which was established in Athlone in 2013.

While the terms of the transaction have not been disclosed, Sidero will continue to operate with its existing leadership and staff as a wholly owned subsidiary of the digital engineering company.

President and CEO of GlobalLogic, Nitesh Banga, says:

"We are thrilled to welcome the talented Sidero team into the GlobalLogic family. Our deep roots in Communications technology are a perfect complement to Sidero’s expertise and competencies. With our combined strengths, we will bring tremendous value to our mutual clients and further enhance our leadership in this and other highly dynamic verticals."

CEO of Sidero, Carmel Owens says:

"GlobalLogic has long been recognised for its digital engineering prowess, unique and diverse employee culture, as well as a delighted community of clients. We are excited about the synergies that will be created by our combined organisations, and we look forward to providing differentiated capabilities and enhanced value to our customers in Ireland and across the globe."

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