Waterford's Suir Engineering acquired in deal worth up to €80m 

Engineering services firm employs 1,300 people

Suir Engineering in Waterford carries out in the region of €300m in project work annually.

Waterford company Suir Engineering is to be acquired by London private equity group Duke Street as it aims to expand its services.

The company said the transaction includes investment by the senior management team and operations will continue as normal from its main base in Waterford and its other offices in Dublin, Stockholm, Copenhagen and Frankfurt.