Kingspan, a leading building materials group based in Ireland, has agreed to acquire Co Meath-based data centre provider BMC Manufacturing in a deal valued up to €900 million. The announcement was made on Wednesday, August 12, 2026, following a period of strategic review by the company. The acquisition is set to significantly expand Kingspan’s presence in the data centre sector, enhancing its capabilities in providing integrated power, cooling, and containment solutions. The deal involves the purchase of 100 per cent of BMC Manufacturing, which has established itself as a key player in designing, manufacturing, and installing critical power systems for data centres. Based in Ashbourne, Co Meath, BMC employs over 350 workers across Dublin and Meath. The company recorded revenue of approximately €280 million in the current fiscal year, with earnings before interest, tax, depreciation, and amortisation (EBITDA) projected to reach around €90 million. These figures are expected to nearly double by 2027, reflecting the rapid growth trajectory of the firm. Kingspan will initially pay €850 million for BMC, comprising €600 million in cash and €250 million through the issuance of new shares. An additional €50 million could be contingent upon meeting specific profit targets. This financial structure underscores the confidence both parties have in the synergies and future performance of the combined entity. The transaction is slated for completion in the fourth quarter of 2026, with BMC’s management team remaining within the organisation post-acquisition. BMC Manufacturing, founded by Brendan Meehan in 1991, has evolved from a local engineering firm into a globally oriented business. Over the past few years, the company has expanded its operations beyond Ireland, focusing on European markets outside the Republic of Ireland and the Asia-Pacific region. In 2025, nearly 70 per cent of BMC’s turnover came from international sales, highlighting its strategic shift towards global markets. The firm also plans to establish a state-of-the-art manufacturing facility in the United States, further solidifying its position in the global data centre supply chain. Kingspan’s decision to acquire BMC aligns with its broader strategy to enhance its data centre offerings. The company already operates Advnsys, a subsidiary specialising in data centre facilities. Advnsys has demonstrated robust growth, with sales increasing by 34 per cent driven by heightened activity in the technology sector. Kingspan’s CEO, Gene Murtagh, noted that the acquisition complements Advnsys’s existing capabilities, enabling the group to offer more comprehensive solutions tailored to the evolving demands of the data centre industry. Murtagh also revealed that previous plans to spin off Advnsys as a standalone publicly traded company had been put on hold. He indicated that the integration of BMC into Kingspan’s portfolio strengthens the group’s ability to capitalise on emerging opportunities in the data centre space. With a substantial amount of financial flexibility, approximately €1 billion available for future acquisitions, Kingspan is positioned to continue its aggressive expansion strategy. BMC’s founder and chairman, Brendan Meehan, expressed enthusiasm about joining the Kingspan family, stating that the merger presents an ideal opportunity to drive global growth. Both companies anticipate that their combined strengths will enable them to effectively address the rising global demand for data centre infrastructure.
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