Kingspan to acquire BMC Manufacturing for up to €900M
What's the deal? Building materials group Kingspan GroupDealroom has a profile for this one. Try Dealroom → has agreed to acquire Irish electrical engineering firm BMC ManufacturingDealroom has a profile for this one. Try Dealroom → for up to €900 million. The Cavan-headquartered group will pay an initial €850 million on a debt-free, cash-free basis, plus deferred consideration of up to €50 million tied to profit targets.
The terms: The initial sum will be split between €600 million in cash and €250 million in new Kingspan shares. The cash portion will be funded from existing credit facilities. The deal is subject to regulatory clearance and is expected to complete in the final quarter of 2026.
What each side does: BMC, founded by chairman Brendan Meehan in 1991, builds critical infrastructure for data centres and counts Amazon Web ServicesDealroom has a profile for this one. Try Dealroom → among its customers. Kingspan's Advnsys division supplies bespoke data-centre infrastructure, and it called the deal "highly complementary," enabling a "converged power, cooling and containment solution."
Why now? Kingspan said in August 2026 it was pausing a €650 million share buyback to retain funds for deals. Chief executive Gene Murtagh has described the global tech sector as "blasting forward" and "fully detached" from normal building activity.
By the numbers: BMC is expected to deliver revenue of €280 million in 2026 and ebitda of €90 million, with ebitda forecast to double to €180 million by 2027. In June 2026, the firm announced plans to create 500 jobs over two years, mainly in Dublin, on rising demand from data centre operators.
The context: Kingspan posted record half-year results in August 2026, with revenue up 8% to €4.86 billion and ebitda 9% higher at €626 million. Its Advnsys data-infrastructure business is "growing extremely well," Murtagh said.
The signal: The acquisition deepens Kingspan's bet on the data centre boom, folding a fast-growing supplier into a global sales channel as tech demand pulls ahead of the wider construction market.
Read more: The Irish Independent
Image credit: cellanr
