Daily Mirror (Northern Ireland)
IT firm goes global with £70million deal
Homegrown company bought by German giant
ONE of Northern Ireland’s most successful homegrown companies has been bought by a German firm for around £70million.
IT service provider Novosco, which was founded by Patrick Mcaliskey and John Lennon and employs 300 people across its Belfast, Dublin and Manchester offices, will join Cancom in one of the biggest deals of the year.
Novosco counts a wide range of public, private and voluntary sector organisations amongst its customers, including several large UK NHS Trusts and housing associations.
Mr Mcaliskey and Mr Lennon, said the deal is a perfect fit for both companies.
They said: “This is a hugely positive and exciting development for Novosco, our people, our customers and the communities in which we operate, bringing together two companies with very complementary expertise and very similar cultures, ambitions and outlooks.
“Cancom is a world-class business with a global reach that sees the addition of Novosco’s people, expertise and MORE than 170,000 households in Northern Ireland are being encouraged to recycle more glass, plastics and paper for a good cause.
For every tonne of materials collected £1 will be donated to MACS NI to help customer-base as a core part of its strategy for growth.
“The combined specialisms, resources and skills of the two businesses creates a very strong platform from which to further enhance the service we provide to our existing clients and to challenge for new and exciting contracts.”
Mr Lennon, co-founder and current sales director of Novosco, will take over as joint managing director of Cancomuk, with Martin Hess who is currently managing director of Cancom UK. Mr Mcaliskey, currently managing director of Novosco, will continue to be a shareholder and advisor.
CANCOM, which is based in Munich, employs more than 3,500 people worldwide. support young people between the ages of 11 and 25 who have experienced difficult times in their lives.
Weekly household collections are carried out across five council areas in Northern Ireland