Actavo, formerly Siteserv, [1] is an industrial and engineering services company headquartered in Dublin, Ireland. [2] It has several divisions which provide events management services, modular buildings, scaffolding, fencing, safety equipment and telecommunications networks. [3] [4]
Originally known as Siteserv, the company was acquired by Denis O'Brien in March 2012. [5] The sale of the company was the subject of significant controversy as Irish Bank Resolution Corporation (IBRC, formerly Anglo Irish Bank) wrote-off €119 million owed by Siteserv prior to its sale. [6] [7] A judicial Commission of Inquiry, the IBRC commission of investigation, investigated the circumstances of the sale. [6] The commission's report, published in September 2022, found that Siteserv had provided "misleading and incomplete information" to IBRC. [8]
Described in a 2016 Business Post article as "one of Ireland's most controversial businesses", [9] the company rebranded as Actavo in 2015. [10] As of 2018 Brian Kelly was CEO of Actavo, [11] and it reportedly had approximately 5,000 employees. [12] [13] Following a series of job cuts, [14] this had reduced to approximately 2,000 employees by late 2020. [15] [16]
Financial Data [..] 31st Dec 20 [..] Source: CRO [..] 2,140 Employees
Actavo, formerly Siteserv, [1] is an industrial and engineering services company headquartered in Dublin, Ireland. [2] It has several divisions which provide events management services, modular buildings, scaffolding, fencing, safety equipment and telecommunications networks. [3] [4]
Originally known as Siteserv, the company was acquired by Denis O'Brien in March 2012. [5] The sale of the company was the subject of significant controversy as Irish Bank Resolution Corporation (IBRC, formerly Anglo Irish Bank) wrote-off €119 million owed by Siteserv prior to its sale. [6] [7] A judicial Commission of Inquiry, the IBRC commission of investigation, investigated the circumstances of the sale. [6] The commission's report, published in September 2022, found that Siteserv had provided "misleading and incomplete information" to IBRC. [8]
Described in a 2016 Business Post article as "one of Ireland's most controversial businesses", [9] the company rebranded as Actavo in 2015. [10] As of 2018 Brian Kelly was CEO of Actavo, [11] and it reportedly had approximately 5,000 employees. [12] [13] Following a series of job cuts, [14] this had reduced to approximately 2,000 employees by late 2020. [15] [16]
Financial Data [..] 31st Dec 20 [..] Source: CRO [..] 2,140 Employees