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Fieldfisher recently advised the owners of Ionic Consulting on the sale of Ionic to AFRY, a Swedish-Finnish supplier of engineering, design, and advisory services, with a global reach. In line with AFRY’s strategy to be leaders in the energy transition, their acquisition of Ionic Consulting seeks strengthen their engineering and consulting service offering and capacity in UK and Ireland.
Ionic Consulting is one of the leading renewable electricity consultancy firms in Ireland, with over 60% market share. The company is a leader in the onshore wind market and has a growing presence in offshore wind, solar PV and energy storage. Ionic Consulting has 42 employees across 3 offices, Dublin, Listowel and Edinburgh.
AFRY is ideally positioned to provide support to energy, industrial and infrastructure markets in meeting the global sustainability and climate targets. With a strategic focus on clean energy, Ionic Consulting will further strengthen AFRY’s position with their renewable energy expertise in wind, solar and energy storage.
“Becoming part of the AFRY family is a hugely exciting next chapter in the Ionic story. This will enable us to expand and enhance the service offering to our existing clients and add value to AFRY and their clients in new ways. This is also an endorsement of the achievements of our talented staff over many years and will allow them to develop and grow in a people-focused and supportive environment,” says Ken Boyne, Managing Director, Ionic Consulting.
Commenting on Fieldfisher's involvement in the transaction Head of Corporate and Commercial Feilim O'Caoimh said: "Having acted as Ionic Consulting's main legal providers for the past 5 years, we were thrilled to work with Ionic on this exciting next step in the firm's growth. In transactions of such significance for our clients, we work hard to ensure each aspect proceeds as smoothly as possible, and were delighted to support Ionic in completing this transaction".
The Fieldfisher Ireland Corporate and Commercial team led by Feilim also included Senior Associate Conor Folan, Trainee Solicitor Rosha Canavan and Employment Partner Barry Walsh.