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Irish Times
2 days ago
- Business
- Irish Times
ICS Medical Devices to create 72 new jobs by 2028
Galway-based catheter designer and manufacturer ICS Medical Devices is to create 72 new jobs by 2028 after winning €1.5 million in funding from Enterprise Ireland. The new roles will come in engineering, human resources, manufacturing and quality. The company currently employs 130 people. ICS, which was founded in 2019, was approved for the funding through a number of Enterprise Ireland supports. It said it will be invested in facilities, capabilities, training and development, digitalisation, as well as in new technologies. The latest accounts filed by the company, which cover the 12 months to the end of June last year, show it generated a turnover of €10.7 million in the year, which was up from €7.8 million the year before. READ MORE It made a profit of €2.6 million over the same period, which was up from €1.8 million. Chief executive Seamus Fahey told The Irish Times he would not disclose specific figures for the most recent 12 month period, but said the company was 'definitely continuing our year-on-year trend of about 20 per cent growth'. Minister of State with responsibility for Employment Alan Dillon said: 'ICS is an Irish company that has experienced impressive growth in the last six years and is leading in the research and development within the medical device space. 'The Government through Enterprise Ireland looks forward to continued engagement with ICS Medical to support their business development in overseas markets.' Jenny Melia, incoming chief executive of Enterprise Ireland, said the company was at the forefront of innovation in the medtech sector, developing 'best in class' catheters. 'Supporting Irish companies with the ambition to scale globally is a key priority for Enterprise Ireland and we will continue to work closely with ICS Medical to optimise their full international growth potential, creating and sustaining jobs here in the Galway region,' she said. She said the company was 'playing a vital role' in strengthening Ireland's medtech sector.
RTÉ News
2 days ago
- Business
- RTÉ News
ICS medical devices announces 72 new jobs in Galway
ICS Medical Devices has announced that it plans to create 72 new jobs by 2028. The new roles at the catheter design and manufacturing services provider in Galway will be across engineering, human resources, manufacturing, and quality. The company, which was founded in 2019, has been approved €1.5 million in funding through a number of Enterprise Ireland supports which will directly support investment in facilities, capabilities, people & new technologies. CEO of ICS Medical Devices Seamus Fahey described the development as a reflection of the hard work of the team, the continued investment in new technologies, and the increasing demand for the company's services. "We look forward to continuing to support our customers in pioneering advancements in medicine. We sincerely thank Enterprise Ireland for their continued support, which has been instrumental in helping us scale and succeed." Incoming CEO of Enterprise Ireland Jenny Melias said:"ICS Medical is at the forefront of innovation in the medtech sector, developing best in class catheter solutions to meet the needs of the global healthcare sector. "Supporting Irish companies with the ambition to scale globally is a key priority for Enterprise Ireland and we will continue to work closely with ICS Medical to optimise their full international growth potential, creating and sustaining jobs here in the Galway region."
