100% of the shares of an Irish-based independent fuel supplier, Inver Energy has been decided to be purchased by Greenergy, giving it a presence in the growing Irish market for the first time.
Import and storage facilities and fuel supply operations in Ireland, in addition to an Irish retail dealer network operating under the growing include Invers’s business activities. With Inver’s existing management team to retain in place, Chris O’Callaghan, Inver’s Managing Director, will join the Board of Greenergy Fuels Holdings Ltd.
“It’s been a long-term ambition of Greenergy to participate in the Irish market. As entrepreneur-founded private businesses, Greenergy and Inver are a perfect structural and cultural fit to fulfil this ambition. Both are customer-focussed, can-do businesses with an emphasis on safety, operational reliability and low costs,” said Andrew Owens, Greenergy Chief Executive.
Chris O’Callaghan said, “The acquisition by Greenergy is a very exciting opportunity for everyone at Inver. While we are now part of a significantly larger business, we will continue to think and act ‘local’ and will maintain our commitment to our customers and their businesses. I look forward to steering the business through its next stage of development.” PWKD17072017
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