Mincon to raise €50m in Dublin and London flotation

Shannon-based engineering services firm Mincon is due to float in both Dublin and London, later this month, in a €50m fundraising move aimed at aggressively growing the firm through acquisition inside the next two years.

The company — which specialises in the making of drilling equipment for mining and exploration firms — will take a dual share listing on the ESM market in Dublin and London’s AIM exchange on Nov 22.

Mincon’s stated aim is to double its business by the end of 2015 — its revenues increased by 53%, last year, to €63.1m — through a mix of organic and acquisition-led growth.