Abrel is delighted to announce the completion of a Management Buyout (MBO) of the company by Joe Powell. After 30 years, the founders of the company, Declan Brosnan and Paul Comerford have retired from the business. Declan Brosnan stated that
“ From small beginnings in 1994 we are very proud of what the company has accomplished. The company is now a global and highly respected supplier to the semiconductor industry. This is due in no small part to the dedicated and loyal team employed by Abrel, some of whom have been with the company since its inception. We wish Joe and his team every success for the future”
About Abrel
Abrel was founded in Limerick, Ireland in 1994 and the company is a leading supplier of reliability solutions to the semiconductor industry, serving markets in Europe, USA and ASEAN. The range of products and services includes Burn-in Boards, Endzone Burn-in System, Bibtest55XL Board Tester, and Socket Test Probes.
Moving Forward
As the new owner, Joe Powell will now be taking over the running of the organisation. Note it is business as usual. The job security and prosperity of all our highly skilled and experienced team is secure and safe with this MBO.
Joe says
“I have ambitious plans to continue to grow the business and follow an exciting Six Sigma Roadmap to ensure Abrel remains at the forefront of technology. Key focus areas include delivery time, capacity, quality, and new R&D and these will be at forefront of projects going forward for 2025. Growing the company and expanding our client base and product portfolio is key to achieving our business priorities and compounding Abrel’s future as a leading player in the Semiconductor industry globally. Abrel really appreciates the continued loyalty and business from all its customers across the globe and as the new owner, I am really looking forward to developing a new legacy for Abrel for another 30 years and beyond, with the great staff and team that I have.”
Wishing everyone a healthy & happy new year for 2025.
Best Regards,
Joe Powell | CEO Owner
