A Cavan-based engineering business has been acquired by a leading company in the global telecommunications and energy networks engineering sector.
Obelisk's CEO, Ronnie Delaney, says the move marks a "new chapter in Obelisk's growth".
The company has been acquired by Constructel Visabeira, which has a projected annual turnover in excess of €1 billion.
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It will provide Obelisk with access to new markets, including the US, the UK, and European countries including France, Germany, and Italy.
Obelisk was founded in 1996 and currently employs around 250 people.
Ronnie Delaney says Obelisk is "now well positioned to accelerate new growth opportunities and to continue investing and expanding its workforce across the UK and Ireland".
