Origin Enterprises plc (ISE:OIZ) acquired Pillaert-Mekoson Group on January 23, 2018. Under the terms of the transaction, Origin acquired Pillaert-Mekoson on a debt free and cash free basis. The acquisition is being funded from existing bank facilities and is expected to be earnings enhancing in the first full year of ownership. Pillaert-Mekoson had turnover of €35 million and maintainable earnings before interest, tax and depreciation/amortisation (‘EBITDA’) of €1.8 million for the 2017 financial year. Siobhan Wall of Goodbody and Anthony Farrell of Davy acted as financial advisors for Origin Enterprises plc. Origin Enterprises plc (ISE:OIZ) completed the acquisition of Pillaert-Mekoson Group on January 23, 2018.