Local politicians welcomes CG Power Systems deal which safeguards 400 jobs at Cavan plant

Local politicians have been welcoming news that 400 jobs are safe at Cavan’s CG Power Systems after it was sold.

Yesterday, it was announced that MML Growth Capital Partners Ireland had bought the company, securing the future of its 400 staff.

Minister Heather Humphreys praised the work that had been going on behind the scenes between the management teams and the IDA.

She says IDA Ireland has made assurances that the border area will continue to be a priority for them.

Meanwhile, Fianna Fáil’s Brendan Smith said it bodes well for the future that there are now plans for significant investment and that this shows a long-term commitment to the Cavan plant: