Galway based engineering company Glanua has welcomed new strategic funding from Rabobank that will further support their ambitious growth plans.
Glanua Group Ltd. specialises in delivering innovative and sustainable engineering solutions to design, build and maintain critical water and wastewater infrastructure across Ireland and the UK.
Headquartered in Loughrea, Co. Galway, the company employs over 500 people, with a manufacturing facility in Navan, Co Meath.
The exact financial details of the funding remain undisclosed, but the financing will significantly enhance Glanua’s capacity to scale its business and expand its presence in the UK’s water and wastewater industry.
Much of this growth will be driven by forthcoming acquisitions, which Glanua expects to complete within the coming months.
Rabobank’s funding follows a period of significant growth for Glanua in the past 12 months following the company’s rebranding in July 2023.
The company’s turnover increased by 50% for the full year to December 2023, and it has opened four new offices in Belfast, Cork, Reading and London.
Glanua’s headcount grew by 190 since July 2023, as it exceeded its original recruitment target of 100 new staff for the year.
Glanua’s long-term strategic plan is to grow turnover to €400 million by 2028.
Karl Zimmerer, CEO of Glanua, said, “We are delighted to receive significant strategic funding for our company from Rabobank. Partnering with such a reputable bank is a huge endorsement and reflects the substantial potential for future growth that Glanua continues to demonstrate.”
“A core part of our partnership with Rabobank is based in our shared values around sustainability.”
“This new funding will ensure Glanua is well-positioned to capitalise on the increased importance of environmental action and the emerging benefits of the circular economy.”
“Glanua is passionate about solving today’s environmental challenges and delivering a decarbonised and sustainable world.”
Glanua has committed to reaching Net Zero by 2040 and continues to accelerate their action in areas like nature-based solutions, renewable energy, biodiversity, integrating innovative and sustainable technologies, and driving operational efficiencies.
Fiona Egan, Managing Director, Rabobank Ireland, said: “We are delighted to partner with Glanua and support their ambitious growth journey. Sustainability is at the core of everything we do at Rabobank, and we look forward to working with Glanua, a leader for sustainability in the water industry.”
Glanua provides innovative and turnkey engineering solutions in the water and wastewater industry. It works with local authorities and private clients in the food and pharmaceutical sectors in Ireland and UK to deliver innovative and sustainable water and wastewater solutions.
A key part of this strategy is to expand in the UK and grow their industrial business. In line with this, Glanua have made a recent senior appointment of Keith Hayward as Managing Director – Industrial Division to lead the company’s anticipated growth in the industrial sector over the next five years.
