Ethos Engineering Limited has been acquired by Exponent

The shareholders of data center designer Ethos Engineering have sold a majority stake to Exponent.

Ethos Engineering is a leading Irish-headquartered, pan-European engineering design consultancy with over 220 employees. It provides mechanical and electrical engineering solutions to a range of blue-chip companies, with a focus on sustainable data center design for some of the world’s leading technology firms. Ethos has worked on more than 90 data centers across 19 countries in EMEA, representing over 2 GW of capacity, as well as being an established market leader in its home market, Ireland. Over the past five years, the company has continued to grow internationally with their blue-chip base, and as of FY23 approximately 80% of its group revenue comes from outside Ireland.

Founded in 2004, Exponent is a prominent European private equity firm that invests in mid-market companies based in the UK, Ireland, Benelux and the Nordics. It has raised more than €3 billion (US$3.8 billion) to date and has offices in London, Dublin and Amsterdam.

Oaklins’ team in Ireland acted as the exclusive sell-side financial advisor to the shareholders of Ethos Engineering in this transaction.