Hanley Energy Group acquired in cash deal worth €630m

The company has roots in Kingscourt and manufacturing plants in Cavan and Monaghan

HANLEY Energy Group, the energy management company with plants in Cavan and Monaghan, has been acquired by a US firm for $725 million (€629.63m).

American manufacturing firm, Jabil is reported to have agreed to acquire the Hanley Energy Group in an all-cash transaction with an additional €58 million (€50) tied to future revenue performance.

The companies have said they expect the deal to close in the first quarter of 2026.

Hanley Energy are global innovators in Critical Power and Energy Management solutions with their European headquarters in Co Meath.

The company specialises in the design, development, supply, installation and commission of turnkey critical power and energy management solutions – from the power grid all the way to the data centre IT rack.

Hanley Energy owes its origins to when John Gilmore installed the electric light station at Kingscourt, Co Cavan in 1930. In 1946 the business was involved in the ESB rural electrification programme and by the 1990s was involved in major projects such as the installation of the main switchgear for Canary Wharf in London as well as the Channel Tunnel.

The company has offices all along the North-East corridor, including Meath, Cavan, Louth and Monaghan. The Hanley Energy Group employs 850 people globally.

In 2022, the group created over 225 new jobs in the region when it significantly expanded its operations in Ireland including the development of a new 70,000 sq. ft. facility in Monaghan Town.

“This acquisition fits perfectly with Jabil’s strategy to grow in the data centre space, where we’re focused on creating capabilities to deliver custom solutions for hyperscale, co-location, and digital native customers,” a statement from Jabil said.