IT recycling company, AMI has today announced a €4m investment and the creation of 30 new jobs over the next two years. The new roles will be shared across AMI’s Dublin and Belfast locations whose premises will also be expanded.
AMI will leverage the investment to grow through targeted acquisition in both the UK and Ireland, focusing on complementary businesses and IT installation companies. UK acquisitions and investments in AMI’s subsidiary, DiskShred, will allow the company to extend its service offering in international markets. DiskShred currently provides secure on-site hard drive and media shredding services to 13 countries throughout Europe.
The investment will also facilitate the growth of AMI’s recently launched deployment and relocation service, which provides organisations with a secure way of managing IT refreshes and office moves. The service is forecasted to generate more than €1.15 million in revenue over the next 24 months.
The funding behind the total €4 million investment derives from an external investment of €570,000 from investor Rob Clarke, retained shareholder earnings of €1.71 million and debt finance of €1.71 million. Rob Clarke will also be appointed to AMI’s board as chairman, providing guidance on the company’s growth journey and expansion plan.
Commenting on the expansion, Chairman of AMI, Rob Clarke said, “AMI is a great example of an Irish business success story, establishing itself during the recession and going from strength to strength since then – creating employment opportunities in both Dublin and Belfast. It’s refreshing to see a company not rest on its laurels but instead pursue ambitious growth targets with a clear expansion plan in mind. In my role as chairman, I hope to use my experience to help AMI achieve these goals and to consolidate its position as the leading IT recycling company on the island of Ireland.”