Our congratulations to the team at Endeco/Wirelite Sensors for their achievements and growth to date. Synergy Clients since 2007.
Michael Phelan, Founder & CEO of Endeco said:
“This investment underlines ESB’s belief in Endeco Technologies’ vision for the increasing role of sustainable, low-carbon, smart grid solutions. Importantly, it also provides a strong foundation for our next layer of growth and development. This leaves the company well capitalised to implement its plan, grow its team and continue to invest in its research and development activities. This combines to ensure we remain at the forefront of global smart grid development.”
This transaction was also supported by Endeco’s existing investors including Dublin BIC / AIB Seed Capital Fund, ACT Venture Capital, other private investors and Enterprise Ireland who invested a further €1million alongside the ESB.