Actavo, formerly Siteserv, is an industrial and engineering services company headquartered in
Dublin, Ireland.
It has several divisions which provide events management services,
modular building
A modular building is a prefabricated building that consists of repeated sections called modules. Modularity involves constructing sections away from the building site, then delivering them to the intended site. Installation of the prefabricated ...
s, scaffolding, fencing, safety equipment and telecommunications networks.
Originally known as Siteserv, the company was acquired by
Denis O'Brien in March 2012. The sale of the company was the subject of significant controversy as
Irish Bank Resolution Corporation
The Irish Bank Resolution Corporation (IBRC) was the name given to the entity formed in 2011 by the court-mandated merger of the state-owned banking institutions Anglo Irish Bank and Irish Nationwide Building Society.
Following a High Court or ...
(IBRC, formerly
Anglo Irish Bank
Anglo Irish Bank was an Irish bank headquartered in Dublin from 1964 to 2011. It began to wind down after nationalisation in 2009. In July 2011 Anglo Irish merged with the Irish Nationwide Building Society, forming a new company named the Iri ...
) wrote-off €119 million owed by Siteserv prior to its sale.
A judicial Commission of Inquiry, the
IBRC commission of investigation
The IBRC commission of investigation is an Irish government commission of investigation to look into the transactions of Irish Bank Resolution Corporation (IBRC) that led to its failure.
The commission was established by the Oireachtas under the ...
, investigated the circumstances of the sale.
The commission's report, published in September 2022, found that Siteserv had provided "misleading and incomplete information" to IBRC.
Described in a 2016 ''
Business Post
The ''Business Post'' (formerly ''The Sunday Business Post'') is a Sunday newspaper distributed nationally in Ireland and an online publication. It is focused mainly on business and financial issues in Ireland.
Founding to Irish financial crisi ...
'' article as "one of Ireland's most controversial businesses", the company rebranded as Actavo in 2015. As of 2018 Brian Kelly was CEO of Actavo,
and it reportedly had approximately 5,000 employees.
Following a series of job cuts, this had reduced to approximately 2,000 employees by late 2020.
References
External links
* {{official, https://actavo.com/
Companies based in Dublin (city)