Nostra makes fifth acquisition since 2023
Nostra has acquired Cork-based audio-visual solutions provider Spectrum AV. Financial terms of the deal were not released. The purchase is Nostra’s fifth and follows the acquisition of Compunet in 2023.
Aligning with Nostra’s ambitions to increase annual revenue growth from €50 million to €250 million within five years, this acquisition puts Nostra further along the journey of building a full-stack managed service provider to service customers for all their IT needs.
Ryan and the team will play key roles in the evolution and growth of Nostra as they form the core of a new AV division at Nostra. This aligns with Nostra’s enduring ethos of retaining existing management following an acquisition, to ensure consistency and continuity of service.
Kevin O’Loughlin, CEO and Co-founder of Nostra, said: “The addition of Spectrum AV to the Nostra network marks a significant step forward in our growth strategy… Their expertise will enhance our AV capabilities and enable us to better serve our customers’ evolving needs, which is a win not only for Nostra but for all of our new and existing clients in Munster, across Ireland and further afield.”
Denis Ryan, managing director of Spectrum AV, said: “As Spectrum AV, we have established a reputation of excellence and care in the world of AV in Ireland. My team and I are excited to build this new division within Nostra, leveraging our existing suite of skills to provide ease of access and technological excellence to companies across Ireland.”
Spectrum AV’s clients include Pepsi, Lilly, and Biomarin.
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