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Irish companies secure new deals with Australian partners worth over €6.2m

Written by Robert McHugh, on 20th Mar 2019. Posted in General

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Five Enterprise Ireland backed companies Fineos, Alpha Wireless, Glofox Gym and Fitness Studio Management Software, Mainstream Renewable Power and Linesight have announced new office openings in Australia.

This was announced this week in Sydney during Enterprise Ireland’s Trade Mission to Australia and Singapore, which is being led by Minister for Business, Enterprise and Innovation Heather Humphreys, T.D.

Over $10 million AUD (€6.2 million) in new contracts for Irish companies including Solgari, Kingspan, GM Steel and Combilift have been announced so far. Enterprise Ireland also announced the opening of a new office in Melbourne, it’s second office in Australia to further increase exports to Australia and to support clients to expand in Australia and the wider Asia Pac region. Enterprise Ireland client exports to Australia reached €253 million in 2018, an increase of 43% over the past three years.

Speaking this week, Minister Humphreys said, "320 Irish companies are now exporting to Australia and these companies employ over 25,000 people in Ireland. Our ambition is to grow client exports to €360 million by 2020. I am delighted to lead this Trade and Investment Mission to Australia and engage in an extensive programme of activity which focuses on supporting Irish companies to expand exports into this significant region."

She added, "My aim over the coming days is to build awareness and promote the Irish advantage of the participating companies through their innovation and capability in key sectors. I look forward to engaging with key decision makers at the highest levels in Government and Industry to promote Ireland as a source of world-class products and services."

Source: www.businessworld.ie

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