IT recycling company AMI to invest £3.5M and create 30 new jobs

  • Ireland’s leading secure IT recycling company, AMI, has announced that it will create 30 new roles in the next 2 years between its Dublin and Belfast premises in a huge £3.5m investment

    The new investment by AMI in the IT recycling sector will bring its total workforce up to 90 staff by 2021, with new roles created in both its Dublin and Belfast operations. The firm's premises will also be expanded as part of a strategic £3.5 million investment that will help the company grow through targeted acquisitions in UK and Ireland.

    AMI will focus more on complementary businesses and IT installation companies, and will allow AMI's subsidiary DiskShred to expand its service offering to the international markets. The investment will also facilitate the growth of AMI’s recently launched Deployment and Relocation service, providing organisations with a secure method to manage IT refreshes and office relocations. The service provided has been forecasted to generate more than £1 million in revenue over the next 24 month period.

    The funding behind the total £3.5 million investment derives from external investment of £500,000 from investor Rob Clarke, £1.5m of retained shareholder earnings, and £1.5m of debt financing. Rob will be appointed to AMI’s board as chairman, providing guidance on the company’s growth journey and expansion plans.

    AMI Chairman Rob Clarke spoke positively about the investment: "AMI is a great example of an Irish business success story, establishing itself during the recession and going from strength to strength since then – creating employment opportunities in both Dublin and Belfast. It’s refreshing to see a company not rest on its laurels but instead pursue ambitious growth targets with a clear expansion plan in mind. In my role as chairman, I hope to use my experience to help AMI achieve these goals and to consolidate its position as the leading IT recycling company on the island of Ireland."

    "AMI has had another stellar year in 2018 and we’re seeking to capitalise on our current growth with this strategic investment. The requirement of organisations to show compliance with GDPR legislation by securely disposing old IT equipment is fuelling demand for our services. The additional hires, expanded premises and the development of our technology and service capabilities will all support us in meeting this increasing demand," commented Philip McMichael, CEO of AMI.

    Source: AMI Press Release

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