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28/02/2008
Rotary In £100m Takeover
A Northern Ireland building services company is to be taken over by an Australian firm in a multi-million pound transaction.
It has emerged that the Co Antrim based company, Rotary Group, will be bought by the Australian Hastie Group in a deal worth almost £100 million.
Rotary, which is based in Newtownabbey, employs 2,000 people around the world.
It specialises in the provision of services such heating, ventilation and air-conditioning systems.
The company will continue trading under its own name and the existing management team will remain in place under the new ownership.
(VB/JM)
It has emerged that the Co Antrim based company, Rotary Group, will be bought by the Australian Hastie Group in a deal worth almost £100 million.
Rotary, which is based in Newtownabbey, employs 2,000 people around the world.
It specialises in the provision of services such heating, ventilation and air-conditioning systems.
The company will continue trading under its own name and the existing management team will remain in place under the new ownership.
(VB/JM)
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Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
