Newtownabbey IT recycling firm to hire 30 staff as part of £3.5m investment
A CO Antrim-based IT recycling firm is creating 30 new jobs as part of a £3.5 million expansion.
AMI is growing both its Newtownabbey and Dublin offices, as well as targeting new business acquisitions as part of the major investment.
The recruitment will take place over the next two years and once complete will bring total staff numbers to 90.
AMI will leverage the investment to grow through targeted acquisition in both the UK and Ireland, focusing on complementary businesses and IT installation companies
UK acquisitions and investments in AMI’s subsidiary, DiskShred, will allow the company to extend its service offering in international markets.
DiskShred currently provides secure on-site hard drive and media shredding services to 13 countries throughout Europe.
The investment will also facilitate the growth of AMI’s recently launched deployment and relocation service, which provides organisations with a secure way of managing IT refreshes and office moves.
The service is forecasted to generate more than £1m in revenue over the next 24 months.
The major investment is being fuelled by £500,000 from investor Rob Clarke, retained shareholder earnings of £1.5m and debt finance of £1.5m. Mr Clarke will join the AMI board as chairman as a result of the expansion.
AMI CEO, Philip McMichael said the firm is seeking to capitalise on current growth with the strategic investment.
"The requirement of organisations to show compliance with GDPR legislation by securely disposing old IT equipment is fuelling demand for our services," the Ballymoney native said.
"The additional hires, expanded premises and the development of our technology and service capabilities will all support us in meeting this increasing demand.
“Acquisition is another key business strategy for us. We will remain on the lookout for other IT disposal and IT installation businesses with matching values that can easily integrate into the company, allowing us to quickly enhance our offering," he added.
AMI helps organisations manage the secure retirement of their end-of-life IT, mobile and electrical equipment. Established in 2001, it has grown to be a world leader in securely managing IT retirement.