A THREE-year-old Co Limerick start-up firm has been acquired by a US company in a €10 million deal.

STATE bodies, private investors and a Cork-based venture capital firm are in line for a share of a €33 million windfall following the sale of a Limerick firm to a US multinational.

VENTURE capital firm, Kernel Capital is leading a €2 million investment in a Limerick-based semiconductor firm.