An Taoiseach Leo Varadkar to officially open Enterprise Ireland's new office in Copenhagen
4th October 2019
- An Taoiseach Leo Varadkar to officially open Enterprise Ireland’s new office in Copenhagen today, highlighting the importance of the Nordic region for Irish companies
- Enterprise Ireland’s expansion in the Nordics, is key Brexit response to support Irish companies to be more diversified and grow in the region
- Enterprise Ireland client companies increased exports to the Nordics by 28.6% in 2018
- Enterprise Ireland client companies announce new business wins in the Nordics
Against the backdrop of Brexit, An Taoiseach Leo Varadkar will officially open Enterprise Ireland’s new office in Copenhagen today, in a move to further boost Irish exports to major European growth markets. The official opening will be held as part of a two-day visit to the Nordic region led by An Taoiseach Leo Varadkar, which includes a meeting with the Danish Prime Minister Mette Frederiksen. 24 Enterprise Ireland client companies are participating on the trade visit.
The opening of Enterprise Ireland’s office in Copenhagen will serve to strengthen Irish business in Denmark and the wider Nordics region and builds on strong Irish exports to the region. Exports by over 230 Enterprise Ireland clients to Denmark in 2018 reached over €370 million, an increase of 45% on 2017. Overall exports to the Nordic region reached €877 million in 2018, up 28.6% on the previous year.
Enterprise Ireland client exports to Denmark have grown particularly strongly in the area of high-tech construction. For all of the hyperscale datacentre projects in the Nordics, Irish companies have been the lead, design, build or fit-out contractors for these projects. There are over 20 Irish companies working on datacentre projects in Denmark currently.
In the context of Brexit, expanding the global footprint of Irish companies and supporting Irish companies to maintain their position in the UK market, while being more market diversified, is a key strategic imperative of Enterprise Ireland.
During the visit to Sweden and Copenhagen, Enterprise Ireland client companies announce new business wins:
- Collen Construction announcement of involvement in building a Hyper scale Data Centre in Gavle, North of Stockholm. The value of the project is circa €100m.
- Kingspan Insulation have just completed the build of their new factory in Jönköping, Sweden. This is the fifth Kooltherm factory in the world after Ireland, UK, Netherlands and Australia. The investment exceeded €40M and consists of a 18.000 sqm factory on 70.000 sqm land.
- Dortek have won a €350,000 project at the new Ferring Pharma facility near Copenhagen airport, to be opened in 2020.
Marina Donohoe, Regional Director UK, Nordics, Central & Eastern Europe & Russia, Enterprise Ireland said, “Expanding Enterprise Irelands presence and resources in the Nordics region with the opening of our new Copenhagen office, which is in addition to our office in Stockholm, is yet another critical measure that we are undertaking to offset the impact of Brexit, and support Enterprise Ireland client companies more closely in Denmark. Denmark and the wider Nordic region has proven its potential for Irish companies through the impressive growth we have seen in recent years and particularly in 2018 with 28.6% growth in Irish exports to the region. New companies looking to enter Denmark and Sweden can leverage the successful reputation existing Irish exporters have gained here.”
The Nordics are key markets of opportunity for Irish companies post Brexit given their proximity to Ireland and similar business cultures. Denmark is the leading digital economy in the EU and offers strong business opportunities in High Tech Construction Services, Automotive, Lifesciences, Clean Energy and Digital Technologies. Copenhagen itself is a global leader in renewable energy and recycling with the aim to become the first carbon-neutral capital city by 2025.
Note to Editor:
About Enterprise Ireland
Enterprise Ireland is the Irish Government’s trade and innovation agency. We invest in the most innovative Irish companies through all stages of their growth and connect them to international customers across multiple industries. Our goal is to build successful, long-term business relationships between international companies and Irish partners. As one of the world’s largest seed capital investors, we help develop a pipeline of cutting-edge Irish companies and we provide our international partners with a gateway to Irish innovation. With offices worldwide, Enterprise Ireland’s teams of industry experts consult with international businesses to understand and solve their business needs.
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