Monday 26 September 2016

Linesight would only float to accelerate expansion abroad

Published 22/09/2016 | 02:30

‘We talk to the multinationals and we ask them where are they building? They might be doing something in Singapore, and we can help. It’s been a great adventure for the past 10 years in the US,’ says construction sector supremo Gerry Campbell
‘We talk to the multinationals and we ask them where are they building? They might be doing something in Singapore, and we can help. It’s been a great adventure for the past 10 years in the US,’ says construction sector supremo Gerry Campbell

A stock market flotation of Dublin-based project management firm Linesight will only be considered if it's required to further accelerate the company's international expansion, according to group chief executive Gerry Campbell.

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The firm, previously known as Bruce Shaw, has opened offices around the world in the past few years as it sought to decrease its reliance on Ireland. The company will generate revenues of about €60m this year and about 75pc of its business now originates outside Ireland. Less than a decade ago, Ireland accounted for 90pc of its business.

"It depends on how quickly we want to grow," said Mr Campbell in relation to a possible future listing.

"We've been managing to grow with existing funds. The matter of either a sale, or partial sale or being listed - you would really be looking at it to see if you needed those funds for a more accelerated expansion," he said. "At the minute, that's not on the radar."

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