eir Business completes approved merger with Evros Technology Group
2nd March 2021: eir Business and Evros Technology Group, (“Evros”), have announced today that the merger of the two companies has been completed, creating the number one telecommunication and ICT solutions provider in Ireland.
The deal was first announced on the 6th of January 2021 with clearance of the merger by the Competition and Consumer Protection Commission announced on the 19th February 2021.
The combined business will benefit from the technical innovation, experience and customer focus of Evros, together with the networking strength, expertise and reach of eir Business. The merger will benefit Irish businesses, bringing with it exciting new opportunities to combine transformative IT solutions with Ireland’s leading telecoms expertise to create even better solutions for more customers.
The merged entity will provide end-to-end solutions across telecommunications and IT services including mobility solutions (with Ireland’s largest 5G network) and cutting-edge networking technology. eir’s significant investments in voice, data and networking infrastructure across Ireland are a powerful platform to grow Evros’ industry-leading delivery of Managed Cloud Services, Intelligent Cyber Security, Software Development, Licencing and Technical Recruitment, positioning the company to enhance its offering to meet the needs of Irish businesses today.
Commenting on the completion of the merger, Martin Wells, Managing Director of eir Business, and now Evros, said: “The complementary strengths of our organisations coming together creates an unbeatable portfolio for our customers. Evros has been extremely successful, growing consistently, not just because of their best-in-class IT services, but because of their people. The culture of Evros is undeniably strong and by combining this with the networking strength, expertise and reach of eir Business, we will drive significant value for our customers, employees, and shareholders.”
Caroline Godsil, Operations & HR Director, Evros commented: “We are thrilled to have joined forces with eir Business. This is a strategic move for Evros, which will allow us to extend the portfolio that we currently offer to our clients.”
Throughout the merger process, customers can be safe in the knowledge that it is business as usual for both companies. Davy Corporate Finance acted as advisor to eir, while Arthur Cox and EY acted as legal and financial advisors to eir respectively. Evros Technology Group was advised by Fieldfisher and Grant Thornton.