LPI Group has opened an office in Sweden, in the city of Gävle, as it responds to the high demand for Irish high-tech construction services in Sweden and the rest of the Nordic region.
LPI specialises in high-performance lightning protection systems, earthing systems and surge protection devices, and according to Enterprise Ireland, more than fifty Irish high-tech construction enterprises operate in the Nordics, including forty in Sweden alone.
In the Nordics, a large number of mission-critical facilities are being constructed, and Irish businesses have been the lead design, construction, and fit-out contractors for all of the hyper-scale data centre projects in the region, according to the agency.
Since 2013, LPI's revenue has increased from €320,000 to €4m in 2019 and it expects to report a turnover of c.€15.5m for 2021.
LPI says it has achieved significant expansion in the data centre industry, having constructed hyper-scale data centres for a number of market-leading clients.
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From the opening of the new location, LPI will have increased its headcount to 150, including those from the Gävle area, with the intention of doubling this number by 2027.
Chief executive Paudi Reidy said: "Achieving this milestone in LPI's history is due to the devotion, dedication, and hard work of our team. We anticipate building on our growth and contacts in Sweden for many years to come, since Sweden has quickly shown itself to be an ideal place for us.”
Co-founder John Kinsella added: "Engaging with local businesses and employees and reducing our carbon footprint across Europe are crucial components of our business plan, which is why Gävle was an ideal location for us. Access to shipping routes across Europe helped us improve our logistics and reduce our carbon footprint by using sea transport routes.”
An estimated 360 Enterprise Ireland clients are operating on the Swedish market. In 2021, EI client company exports to the Nordic region climbed by 31% to €1.24 billion, largely due to the continued rise in demand for Irish high-tech engineering and construction services.
EI global lead for data centres Karin Angus commented: "LPI has quickly grown to become a significant player in the data centre sector in Sweden and the Nordics.”
