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Bidvest Group acquires Noonan

Bidvest Group has acquired Dublin-based outsourcing company Noonan for a consideration of E175 million, subject to approval from the South African Reserve Bank.

CEO John O’Donoghue will continue to lead the existing management team.

Noonan is a provider of facilities management services operating across the UK and Ireland. Services include Facilities Management, Technical Services, Security Services, Cleaning Services, Environmental Services and Ancillary Services, with the company employing over 13,000 staff.

The company was bought by Alchemy in 2008 for E90 million.

John O’Donoghue, CEO of Noonan said: “I would like to welcome Bidvest as our new owners. Our strategy and the substantial investment in our business and brand, coupled with the strong commitment of management and our employees, have allowed us to consistently outperform the market and to continuously enhance the services we provide to our clients.”

Lindsay Ralphs, CEO of Bidvest Group, said: “We are delighted to have completed this acquisition, which provides us with a unique opportunity and platform to establish a strong presence in the Irish and UK markets. NOONAN has an excellent team of people who share our passion and reputation for professionalism, innovation and excellence in the way we deliver service to our clients.”

Ireland work fatalities drop by nearly a quarter in 2016

Fatalities in the Irish workplace have reduced by 21% in the last year compared to 2015, according to figures by the Health and Safety Authority.

Many work sectors saw a large drop in deaths within 2016, while agriculture saw a rise of 21 from 18 in 2015.

The fatalities marked the lowest rate since 2009, a number that was reluctantly welcomed by analysts.

“It is especially important that as the numbers at work increase, accident rates are moving in the opposite direction,” said Martin O’Halloran, Chief Executive of the Health and Safety Authority, “nevertheless we must not forget the many families that experienced devastation and tragedy in 2016. It was a time when they lost loved ones due to events that should have been prevented.”

Of the deaths, 88% were men aged 25+, nine men over the age of 65 killed in the agriculture sector, and 45% of all deaths involved vehicles.

“It is clear that there is a systemic problem with safety on our farms,” continued Mr O’Halloran, as the agriculture sector continues to hold the highest recorded fatalities year on year, Our farm safety walks and knowledge transfer groups are designed to effect long-term behavioural change and it is only through this type of transformation that we will see a significant reduction in farm deaths.”