Lisburn engineering firm taken over in multi-million pound deal

Hundreds of jobs could be created as the result of the takeover of a Northern Irish engineering firm, its chief executive has said. Siemens Energy, the huge German industrial company, has agreed to buy the Camlin Group which currently employs 650 people, including 340 in Northern Ireland. Lisburn firm Camlin primarily makes equipment which monitors the performance of electricity grids. As the continued growth of renewable energy makes grid management more complicated there is a growing market for Camlin's predictive products. In 2024, the company made a pre-tax profit of £8.4m on turnover of £88m. Camlin's chief executive, Peter Cunningham, said Siemens is "very committed and very serious" about investing in the business. "We haven't worked out the exact plans yet but I wouldn't be surprised to see the footprint here in Northern Ireland at least double, maybe even triple over the next short number of years," he told BBC News NI. Cunningham said they were approached by Siemens Energy several months ago as the two companies shared significant customers. "When Siemens really started to understand what we had under development they realised we were going to become very, very valuable t