"Ireland represents an important strategic market opportunity for Intelsius, and our new wholly owned Irish subsidiary will give us the ability to leverage our products and technology in this market," said David Walsh, founder and CEO of Intelsius. "This new subsidiary will enable Intelsius to develop a more targeted approach catered to this specific region, and I am confident that with the integration of DGP IntelsiusTeo we are well positioned to exceed our customers' expectations in Ireland."
In line with the company's international growth strategy, the formation of DGP IntelsiusTeo aligns with the company's growing global presence and core strategy of offering products globally with local supply. As such, former distributor DGP Ireland has been absorbed and will now be managed by IntelsiusTeo.
The expansion is also expected to have a positive impact on the local economy in Cork. John Lowery, CEO of UdarasnaGaeltachta, the State agency responsible for economic, social and cultural development, said he is delighted Intelsius choose to expand in Cork. "The Intelsius group is at the forefront of product innovation and the company's requirements from the beginning were clear - highly trained staff and suitable business accommodation for what is a specialized enterprise."