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Dublin: 7°C Thursday 26 November 2020

The company formerly known as Siteserv is going Stateside

Actavo is entering the US market for the first time.

Image: Niall Carson

DENIS O’BRIEN-OWNED company Actavo, the company formerly known as Siteserv, has entered the US market for the first time.

The company announced today that it is buying a division of US-based Atlantic Engineering Group for an undisclosed sum, its first acquisition in the US.

Atlantic Engineering Services (AES) is involved in communications engineering with a focus on fiber broadband and has operations in Georgia, Texas, Missouri and Colorado.

Actavo works in the area of engineering support and says it has operations in over 100 locations international.

The company was previously called Siteserv and was sold to Denis O’Brien-owned Millington for €45 million in 2012. That controversial sale by the Irish Bank Resolution Corporation is now the subject of a commission of inquiry.

A subsidiary of Siteserv was also granted the tender for the nationwide installation of water meters.

Following the US acquisition, AES will now be known as Actavo and will be targeting the home fibre market which is forecast to be 24 million US homes by 2019.

Commenting on today’s news, the CEO of Actavo’s network an in-home division, TJ Malone called it a “red letter day”.

“Our division began with operations in Ireland, before expanding into the UK and the Caribbean. With this acquisition now forming a critical strand of our international, end-to-end capabilities, we are confident of establishing a formidable presence in North America.”

Read: There are a LOT of problems with the Siteserv inquiry >

Read: What on earth is this Siteserv story all about – and why is it back in the news? >

About the author:

Rónán Duffy

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