NEWS


RoSPA Awards 2016 - Gold 4 years running
Friday, 15 July 2016 00:00

David Healy (EHS Manager) accepting the Rospa Gold award in Birmingham on 13th July 2016 for the 4th year in a row. Congratulations to all the Obelisk team involved in helping us achieve this great accolade.

Rospa Awards 2015

 
BDO Development Capital Fund leads €6m investment
Monday, 25 April 2016 00:00

 

Declan O’Neill, CEO Obelisk Group with Sinead Heaney & Andrew Bourg, (both) Investment Directors, Development Capital

BDO Investment BDO Development Capital Fund leads €6m investment in the Oblisk Group - Cavan-based telecomms & utilities infrastructure specialist

  • Investment to drive international expansion in power supply infrastructure markets in UK & South African markets 

  • 200 additional jobs to be created over 5 years with support from Department of Jobs through Enterprise Ireland 

 

Dublin – 25 April 2016: The BDO Development Capital Fund today announced a €3million investment in the Cavan-headquartered Obelisk Group, a specialist in service provision to the telecommunications and utilities sectors since 1996. The investment is backed by matching bank funding which together will drive the expansion in the telecommunications and power infrastructure sectors in both the UK and South Africa where the Obelisk Group is already well established.

The project is supported by the Department of Jobs through Enterprise Ireland.

The Obelisk Group was founded in Cavan in 1996 by two local entrepreneurs, Colm Murphy and Padraig Brady, to serve the newly emerging Irish mobile telecommunications market.  Since then it has delivered approximately 40% of the sector’s infrastructure.  The company expanded into power infrastructure in 2008, followed by the UK in 2009 and South Africa in 2010. The Obelisk Group now comprises 250 highly trained and experienced engineers and generates annual revenues in excess of €20 million with export revenues currently accounting for 40% of the Group’s revenues.

The BDO Development Capital Fund provides development and growth capital for established, mid-sized and profitable companies to assist them to achieve and accelerate their export-led growth plans. The combined €6 million investment will enable the Obelisk Group to take advantage of the investment in utilities in all three of the company’s markets as they grow to meet the expansion demands of new communication technology and renewable energy generation.

The Obelisk Group has developed an enviable reputation for quality delivery and is strongly positioned to demonstrate its abilities in each market:

Ireland

  • Investment in mobile 4G infrastructure upgrade;
  • Rollout of fibre broadband in Ireland;
  • Renewable energy investment and rapid development in Irish electricity transmission infrastructure.

 

UK

  • 4G and telecommunications sector consolidation (a key growth driver);
  • Rollout of fibre broadband in the UK;
  • Rapid increase in renewable energy and solar farm investment and related electrical transmission infrastructure.

 

South Africa

  • 4G and telecommunications infrastructure rollout
  • Rapid increase in renewable energy investment.

 

Announcing the Fund’s investment in the Obelisk Group, Investment Director of The BDO Development Capital Fund, Andrew Bourg, said:

“The Obelisk Group is a great example of the sort of best-in-class Irish companies that Development Capital looks to support. It has grown, profitably over a 20 year period and has built a strong reputation and team in a range of complementary markets. It is now poised for exceptional growth with strong macro-economic conditions and positive investment climates in large markets outside of Ireland.  We are delighted to be backing the Obelisk team and look forward to assisting them to at least double Obelisk in size over the next 5 years.”

Obelisk Group, Chief Executive, Declan O’Neill said:

“We welcome the investment from Development Capital who share our vision to build Obelisk into a world-class engineering business that will become a strong brand in our sectors representing quality and delivery. The global markets for telecommunications and power infrastructure are set for exponential growth and we believe Obelisk has the expertise and experience, coupled with lots of hard work and commitment, to capture a significant part of this growth. We are looking forward to working with Development Capital to show how Irish entrepreneurs can compete and succeed on the world stage.”

The BDO Development Capital Fund forms part of the Government’s Development Capital Scheme, an initiative under theAction Plan for Jobs through which a total of €225million is being made available to mid-sized Irish companies with significant growth potential. As part of this Scheme, €75million in funds from the Department of Jobs through Enterprise Ireland will be matched with €150million of private sector funding for investments in Irish companies through a series of different funds.

Julie Sinnamon, Enterprise Ireland CEO, said:

“In an increasingly digital society, the Obelisk Group is a great example of an Irish company using its telecommunications and renewable energy expertise to meet customer demands and drive exports to international markets. This investment demonstrates how the Development Capital Funds can be used to fund ambitious management teams and help them reach their growth potential.  Obelisk has the reputation and ability to deliver key communications and utilities infrastructures on a global level; I wish them continued success in building market share and supporting the creation of new jobs in Ireland”.

 

About The Obelisk Group

The Obelisk Group is a privately owned company, established in 1996. Our core activity is the provision of solutions and resources to industry across telecommunications, power transmission and distribution, renewable energy and tower infrastructure.

Through expansion and selectively recruiting key professionals the Obelisk Group has built a specialised workforce capable of managing and delivering all aspects of projects within our target markets.

Obelisk has gained a reputation among our clients for problem solving, achieving deadlines and delivering within budget. Over time we have grown steadily into a modern, proactive, international company embracing new technologies and, with hard work and client focus, have been rewarded with steady increases in new business, a strong balance sheet and a number of internationally recognised accolades. www.obelisk.com

 

About the BDO Development Capital Fund & Development Capital Limited

The BDO Development Capital Fund is a €75 million Fund aimed at investing development and growth capital in established, mid-sized and profitable companies to support and accelerate their export growth plans. The Fund is managed by Development Capital, a 100% subsidiary of BDO.

Development Capital has created a unique and unprecedented smart funding model centred on a partnership approach that, in addition to substantial capital, will give the selected companies access to advice and international contacts from a range of large Irish corporate and senior business executives. The corporate partners to the fund include Bank of Ireland, CRH plc, Glanbia plc and Glen Dimplex. The Fund, which will invest in approximately 15 companies in total, invests between €2million and €10million in each investee company for an investment term of five years.

The companies already invested in by the BDO Development Capital Fund since it was launched in 2014 are Version 1 (IT Services - €8m in 2014); Lifes2Good (Health & Beauty - €5m in 2015) and Perigord (Life Sciences Packaging - February 2016).

BDO Smart Funding Model and Advisory Board Led by Investment Directors Sinead Heaney and Andrew Bourg, the team at Development Capital operate a unique ‘Smart Funding Model’ for the BDO Development Capital Fund that combines capital with access to, both corporate and executive experience as well as international contacts. The fund capital sources include Enterprise Ireland, Bank of Ireland, CRH plc, Glanbia plc and Glen Dimplex.

This unique approach combines to create a broad and deep bank of international business experience for investee companies to draw upon. In addition to the Corporate Partners who have committed both funding and expertise to assist investee companies, the investee companies have access to proven industry experts who have created, grown and developed Irish Companies into international success stories comprising: Denis Brosnan (former CEO of Kerry Foods), Alan Crosbie (Former Chairman Irish Examiner and family business expert), Dr. Noel Kelly (former Executive Director of Kentz),Dr Jim Mountjoy (founder of Euristix) and Helen Ryan (former CEO Creganna Tactx Medical). The Development Capital Investment Directors are supported by an Investment Committee chaired by Eoin O’Driscoll (Chairman of SWS).www.developmentcapital.ie

 

About Enterprise Ireland

Enterprise Ireland is the Irish Government agency that works with Irish enterprises to help them start, grow, innovate and win export sales on global markets. Enterprise Ireland partners with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s international trade, innovation, leadership and competitiveness.  The ultimate objective is increased exports, employment and prosperity in Ireland. www.enterprise-ireland.com

 
Altitec JV with Obelisk in South Africa
Wednesday, 17 February 2016 00:00

ALTITEC SIGNS SOUTH AFRICAN JOINT VENTURE WITH OBELISK TO DELIVER WIND TURBINE BLADE AND TOWER SERVICES

Five-year agreement with Obelisk Group enables Altitec to offer bespoke blade inspection and repair services to developers and operators working within key emerging markets 

altitec Obelisk

 

 

 

 

 

Wednesday 10th February 2016 – Altitec, the rope access blade repair and inspection specialist, has signed a five-year joint venture agreement with Obelisk, a provider of infrastructure services to the global renewable energy, telecommunications and power markets.  The deal enables the two businesses to deliver a range of high quality wind turbine blade and tower services to wind farm owners, operators and original equipment manufacturers (OEM’s) operating in the South African market.  

The South African wind energy market has grown rapidly in recent years with 15 new wind farms totaling 1,200MW constructed in the last 3 years. The South African government has already committed to procuring energy from another 19 wind farms totaling 2,000MW, to help combat longstanding electricity shortages. 

This rapid growth has created demand for a repair, inspection and maintenance market that can service approximately 4,000 operational blades. In turn, the development of such a market will enable turbines to perform as expected, and provide a base of regional service expertise in the South African sector able to quickly address blade or tower issues and minimise wind farm downtime.

As part of the joint venture agreement, Altitec is working alongside Obelisk to provide a range of high quality, regionally specific blade and tower services, while also training new South African rope access technicians to international standards.

The range of core certified services delivered within the joint venture includes rotor-based inspections based on the principles for the monitoring of wind turbines, composite blade repairs, cleaning and monitoring of equipment and wind turbine tower corrosion protection and repair.

Currently the partnership has seen the creation and development of four dedicated teams of technicians that work directly with wider project management personnel on the ground.

“As key emerging markets move from early stage planning and development and into the commissioning stage, it’s critical that prospective wind power projects remain on track and stay within budget,” said Tom Dyffort, Managing Director, Altitec. 

“However, while the planning theory stacks up, the operational reality of working within new territories can quickly create unforeseen challenges.  Moreover, with many European manufacturers keen to safeguard and protect their equipment during the critical transport and commissioning stage, it’s essential that those technicians working with the equipment on the ground can provide absolute confidence and assurance.”

Dyffort added, “Given these challenges, our joint venture with Obelisk provides absolute reassurance for developers, owners, operators and manufacturers working within South Africa. Obelisk already has a very good reputation and strong track record in delivering quality services to the wind industry in South Africa, and we look forward to building on that base together.”

Under the terms of the agreement, Obelisk and Altitec will work to Germanischer Lloyd certification standards, training local technicians to help develop an established regional workforce for long-term operations and maintenance.

Justin Burnett, Managing Director, Obelisk, added, “Altitec is well known and highly respected within the on and offshore wind market for its focus on continuing to set and raise international blade repair and inspection standards. This ambition makes Tom and his team the perfect partner to help train and develop the next generation of technicians within the South African market.  We look forward to working alongside Altitec as our relationship develops both within South Africa and further afield.”

Since 2010, Altitec technicians have inspected over 2,000 blades, 660 turbines, throughout the UK, Europe and within key emerging markets further afield.  The firm provides a full range of blade inspection, repair and maintenance services, as well as an established, industry certified training programme, known as The Altitec Academy.  The Altitec Academy has the ability to train over 180 rope access blade repair and inspection technicians every year.  For more information, visit - http://www.altitec.co.uk/academy/

  

 
RoSPA Awards 2015 - Gold 3 years running
Tuesday, 14 July 2015 13:38

David Healy (H&S Manager) & Stephen O'Brien (Managing Director) were presented with a RoSPA Gold Award on the 14th of July 2015 at a ceremony in the Hilton Birmingham Metropole Hotel. This is the third year in a row that Obelisk have been awarded a RoSPA Gold Award. Well done to all involved in this huge achievement!

Rospa Awards 2015

 
Obelisk Group now NERs Accredited
Wednesday, 25 March 2015 10:12

Obelisk are pround to announce that we are now able to operate in the UK as a Lloyds Accredited ICP, under their National Electricity Registration Scheme (NERS).

Independent Connections Provider (ICP)

Obelisk Networks (UK), part of the Obelisk Group are accredited to carry out substation design, installation, civil works and cable jointing up to 132kV.  This enables us to carry out Contestable Electrical Works in the Distribution Network Operators (DNO) franchised areas.

These Contestable Electrical Works tend to fall into two main categories:

  • 11kV/Low Voltage -  for connections to commercial developments; domestic sites and single connections
  • Major Works including Wind Farms – likely to be 33kV/66kV/132kV connections.

Obelisk Networks (UK) can offer, in addition to the Contestable Electrical Works, all the remaining on site works to connect a Single Turbine/Wind Farm to the UK Grid. This would start at feasibility studies including network impact assessments, wayleave and easement acquisitions and connections negotiations. The design and construction capabilities include electrical cabling, switchgear, protection, transformers (external turbine step-up transformers/auxiliary transformers) and substation buildings all up to and including 132kV.

 
UK Recruitment Fair 2015
Wednesday, 11 March 2015 12:50

UK Recruitment Fair – 5th March 2015. Obelisk Exhibit at Ubi – Tech Event

Renewables UK 2014

Renewables UK 2014

 
RenewableUK 2014
Tuesday, 18 November 2014 09:30

RenewableUK Conference and Exhibition is widely recognised as the renewables event to attend in the UK , the event covers onshore & offshore wind, wave & tidal energy and small & medium wind systems. WMI, as usual, had a strong presence at the exhibition.

Renewables UK 2014

On stand were Martin Smith, Project Manager with responsibility for Business Development, Philip Beck, Business Development Consultant and Garry Smith, Project Manager. The event was well attended and was a useful platform for WMI to expand its market share, with new client links forged and existing links reinforced.

 
WINDaba Convention Nov 2014
Monday, 17 November 2014 17:03

WINDaba, South Africa’s annual wind energy trade show.

South Africa’s annual wind energy trade show took place at the Cape Town International Convention Centre between the 3rd and 5th of November 2014. This annual conference and exhibition hosted by the South African Wind Energy Association (SAWEA), in partnership with the Global Wind Energy Council (GWEC), was a meeting point for wind energy professionals, including policymakers and innovators. The WINDaba conference comprised of sessions focusing on different aspects of wind power development in South Africa, which included energy planning processes, future renewable energy conferences, independent power producer procurement and industry.

Our Obelisk representatives found it was a useful conference in that our profile and breadth of service was noted by the turbine OEM’s, and wind farm owners. There was particularly good interest in the blade platform we have acquired.

 
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