The CEO of the Cantec Group says that the acquisition of software company InShip will help the company significantly expand and create more jobs.
The amalgamation is part of the group's continued expansion as a provider of integrated hardware and software solutions for businesses.
Cantec, which has been operating out of Waterford since 1994, began selling photocopiers and printers but has evolved to meet the demands of technology and digitalisation.
In addition to its premises on The Quay, Cantec has offices in Dublin, Cork, Limerick and Mullingar. InShip will benefit from the support structures that the Cantec Group has built over the last three decades according to Greg Tuohy, Chief Executive Officer of Cantec Group.
Adrian Kelehan, founder of InShip, spoke enthusiastically about the acquisition,
I am excited to be part of bringing together these two great companies. Together, we will be stronger and will achieve outstanding results.
More jobs on the way at Cantec
Over the past 18 months, Cantec Group has increased its team of 39 staff to 52, with a target of 100 employees by 2025. International expansion into the US and Australia is also planned for 2022. Greg Touhy says they have significant hiring plans, primarily in the software space.
You can listen back on the full interview with Greg Touhy here.
Commenting on the Cantec Group’s expansion plans, Mr Tuohy added, “This acquisition will help us achieve our plan of international expansion in 2022. The InShip team of eight experienced developers, and additional sales and financial experts will augment the existing team within the three Cantec Group companies of Docutec, SmartOffice Automation and Promotive.”
About Cantec
In 1994, Shay Tuohy along with his wife Gráinne founded Cantec in conjunction with Canon in Waterford. Shay’s former Canon colleague, Don Cameron, established Cantec Limerick. Their ethos was to provide a solutions-based service to businesses of all sizes, providing the very best in printing equipment and services. The current CEO, Greg Tuohy joined the family business very early on in 1995. In 2011, the Waterford and Limerick offices merged, and Greg was appointed Managing Director.
