IT Trade veteran Justin Owens joins as CEO and investor
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Justin Owens & Dermot Ryan, Xenon
Constructing know-how firm Xenon Constructing Expertise has accomplished a administration buyout deal (MBO).
Dermot Ryan, beforehand basic supervisor of Xenon has purchased out the bulk shareholder Seamus Byrne who based the corporate in 2009. Ryan, now COO, is joined by investor and IT business stalwart Justin Owens who will function CEO.
Ryan has greater than 20 years’ expertise within the design, set up and offering help providers for a wide range of superior digital safety, life security, and constructing applied sciences.
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The board shall be additional strengthened by IT business veteran Justin Owens who has been appointed CEO. Justin was previously founder and CEO of Commtech, one among UK & Eire’s main impartial distributors specialising in infrastructure, networking and safety options to the IT business which he offered to Arrow Inc. in 2018.
“We’re excited for Xenon Constructing Expertise to enter this subsequent chapter and collectively see compelling alternatives to speed up our development trajectory and improve buyer focus,” stated Owens. “We’re effectively positioned to capitalise on the numerous alternatives earlier than us, and we see large potential to increase our attain into new markets and drive new improvements and capabilities.”
Xenon’s crew of knowledgeable engineers delivering high quality electrical, digital safety and constructing know-how options to the Irish market.
“Xenon’s core focus has all the time been utilizing know-how to make a constructing smarter, safer, and safer,” stated Ryan. “In the present day’s dynamic enterprise setting is one among fixed transformation. Greater than ever, firms of all sizes want a know-how accomplice to effectively and successfully design built-in digital and constructing know-how techniques, empowering companies to realize significant enterprise outcomes.”
Headquartered within the South East, Xenon has a crew of 25 workers. The corporate plans to develop the prevailing enterprise organically and by way of acquisition and additional enhance nationwide protection.
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