With the growing UK need for aerospace skills and manufacturing capabilities, Takumi Precision Engineering is in the perfect position to deliver.

Takumi Precision Engineering is an Irish-based precision component and manufacturing partner and provider of sub-contract engineering services. Founded by a team of three in 1998, the company started life as a domestic manufacturer in the medical and pharmaceutical sectors. In 2012, the company diversified into aerospace. Six years later, aerospace accounts for 50% of the business, which was valued at £2 million in November 2017.

Takumi is now on track to double its revenues, as it serves soaring demand for the manufacturing of parts across sectors such as aerospace in the UK.

Aerospace in the UK

The UK is the world’s second-largest aerospace sector, directly employing 120,000 people and supporting a further 118,000 jobs indirectly. The need for such a large base of employees is reflected in the growth of UK aerospace output, up by 39% since 2011. The aerospace industry is not only booming in the UK, however. Worth €4.1 billion to the Irish economy, Ireland’s aerospace industry is accelerating faster than ever, opening up opportunities for Takumi and other companies in the sector.

Gerry Reynolds, Managing Director at Takumi Precision Engineering, said, “We have experienced tremendous growth during the past two years and have ‘wings’ to grow even further. Capitalising on the need for batch production and model-based manufacture and inspection, we already hold substantial contracts with Bombardier in the UK, GKN in the Isle of Wight and are now looking to expand our portfolio by working with Airbus in Europe and Boeing in the US.”

Takumi engineers the future

Between 2016 and 2020, Takumi will have invested £4 million in improving and scaling the business and Enterprise Ireland, the trade and innovation agency and third-largest seed investor in Europe according to PitchBook, provides ongoing assistance to the business in investments of this nature.

“With a growing appetite for aerospace products and a finite manufacturing capacity, the timing couldn’t be more perfect for us”, commented Gerry who is working with Enterprise Ireland to help provide a solution to this increasing UK demand and subsequently fill a skills gap in the market.

By defining clear strategies for both online and sales, Enterprise Ireland has helped accelerate the company’s growth as well as achieve a stronger market entrance in the UK and internationally. This, in turn, has resulted in an increased participation in global trade show events while also building awareness. Its success is clear, as Takumi has recorded a 50% increase in both turnover and headcount.

With over 50% of the industry’s global spend being managed by aircraft leasing companies based in Ireland, Ireland is uniquely positioned to drive the industry’s innovation forward.

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Enterprise Ireland is the trade and innovation agency of the Irish Government. As a major capital investor, we invest in the most innovative Irish companies through all stages of their growth and connect them to international customers across multiple industries. With over 30 offices worldwide, our teams of industry experts consult with international businesses to understand and solve their business needs.

Enterprise Ireland is the trade and innovation agency of the Irish Government. As a major capital investor, we invest in the most innovative Irish companies through all stages of their growth and connect them to international customers across multiple industries. With over 30 offices worldwide, our teams of industry experts consult with international businesses to understand and solve their business needs.

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Irish suppliers have much to offer customers in Singapore and the ASEAN region, according to Smruti Inamdar, Director ASEAN at Enterprise Ireland Singapore.

Affinities shared by Singapore and Ireland are making Irish companies increasingly attractive to ASEAN partners and customers.

Coming from a small open economy, Irish companies inherently understand that the region cannot be treated as a cohesive or homogeneous bloc and that each individual market is unique.

Irish companies also appreciate the need to spend time building relationships with local customers and partners. When delivering long-term projects, Irish companies are known for adopting a flexible approach, working in partnership with customers to deliver the best solution, even when unexpected challenges or changes arise.

The appeal of this approach is evident in the growth of Irish exports to, and presences in, Singapore and ASEAN. There are now approximately 300 Irish companies exporting to the region, with 130 companies having at least one presence on the ground. That number continues to grow.

Exports from Ireland to the region reached €320 million last year, following five consecutive years of double-digit growth. Enterprise Ireland, the national export agency, has demonstrated its confidence in the development of the relationship, aiming to increase total exports to €500 million by 2020.

If you are interested in discussing the advantages of sourcing an Irish partner, Enterprise Ireland can help you to assess which innovative products, services, and solutions may be best suited to your requirements.

Let’s take a close look at key sectors in which Irish companies offer a particularly strong advantage to partners in Singapore and ASEAN.

Aerospace and Aviation

With investment in aerospace and aviation continuing to grow, Ireland is emerging as a global hub servicing the needs of rapidly developing industries. Over 250 Irish companies are actively engaged in aerospace and aviation and over 40% of the world’s fleet of leased aircraft are owned and managed from Ireland. That performance has helped Ireland to become widely regarded as a global centre of excellence for aviation, with its proud history of pioneering developments and dynamic innovation.

As the world’s fastest-growing air hub, Singapore must expand its infrastructure to meet growing demand. In July 2017, Singapore to Jakarta and Singapore to Kuala Lumpur were included in the top five of the world’s busiest international air routes. The development of a T5 mega passenger terminal remains on the drawing board, which, when completed, would have the capacity to handle 132 million passengers a year, a huge jump from the 82 million passengers currently served.

In contributing to the region, Irish companies including CAE, Eirtech Aviation and Aero Inspection lead the way, securing aviation opportunities in the wider region from bases in Singapore.

To demonstrate Irish capability in the sector, Enterprise Ireland participated alongside nine client companies in the Aviation Festival Asia in Singapore in February 2018.

Construction

As one of the most dense and vibrant urban areas in the world, Singapore is very much leading the way internationally in creating a sustainable building environment. There is much potential for Irish companies to help deliver the government’s ambitious agenda in this area. Singapore is striving towards a target of ‘greening’ 80% of new and existing buildings by 2030 (currently at approximately 30%). The power consumption of Tanjong Pagar Centre, Singapore’s tallest building, is managed by Dublin-headquartered Cylon Controls. Dortek hygienic doors have been used in an inflight catering kitchen facility in Singapore’s Changi Airport, providing hygienic and low temperature sealing solutions to the facility. Enterprise Ireland is also actively working with the Singapore Green Building Council to build awareness of Irish technologies in the area. The growing Irish green-build cluster includes firms such as Kingspan Insulated Panels and LED Group ROBUS.

Irish companies in the high-end construction sector are well positioned to support Singapore’s transformation as a data centre hub for the Asia Pacific region, with the country’s colocation data centre market expected to grow at 13% year-on-year 2017 – 2018 (Source: Structure Research, 2017). Global and regional data centre providers such as Global Switch, Digital Realty, Equinix, Microsoft and Amazon are all operating in Singapore as well as Irish companies active in data centre development, including Linesight, PM Group, and E+I Engineering.

Fintech

Ireland and Singapore are relatively similar, with both having a small number of local banks and several hundred international financial institutions also located in the market. That shared ecosystem makes for a highly competitive arena in which innovation is a crucial driver.

Ireland is home to one of the most important financial services centres in the EU and one of the world’s largest concentrations of technology companies.

As the main financial services hub in the ASEAN region, a strong cohort of Irish companies are active in Singapore having secured significant wins with SGX (Singapore Exchange), United Overseas Bank (UOB), and Standard Chartered Bank. Ireland’s global leadership in the fintech, regtech and insurtech spaces is also making an impact in other financial hubs in the broader region.

With over 40% of global hedge fund assets serviced in Ireland, its resulting regulatory expertise is leveraged by Irish fintech companies to help funds, banks and insurance companies deal efficiently with compliance, and make better, data-driven management decisions. An established sector of payments technology companies has a strong track record of helping major banks and marketplaces to respond to rapid digitisation and changing consumer demand.

Telecommunications and IoT

Another key offering from Ireland is in telecommunications and Internet of Things (IoT), with Irish technology companies delivering high-end solutions to mobile network operators (MNOs) across the ASEAN region. Irish technology providers have progressed from the provision of SMS technologies and services to more sophisticated data analytics, IoT solutions and technologies used to enhance customer experience.

Irish companies in the sector have been active in the ASEAN region for many years, developing leading solutions to meet the evolving needs of local operators. The Irish telco cluster in ASEAN includes Accuris Networks, Anam, Asavie, Nasctech, Openmind, Tango, and Openet, which has more than 250 staff based in their regional HQ in Kuala Lumpur, Malaysia. Many are now doing business with major operators such as Axiata Group , Globe Telecom in the Philippines, Singtel in Singapore, and Vietnamobile in Vietnam.

Founded in Dublin in 1984, Inflight Dublin is now the world’s third-largest provider of inflight entertainment content to airlines. The company provides a full range of movies, TV, and music content to airlines around the world, and in recent years has moved into the wireless streaming of entertainment content and other services to passengers’ own devices.

Today, Inflight Dublin has 43 customers in 36 countries, including Ireland, Vietnam, Nigeria, Germany, Kenya, US, Denmark, and Saudi Arabia. The company has 70 staff and is represented in five countries around the world.

At the forefront of a changing aviation business

Innovation has been at the heart of this impressive growth story, according to CEO John White. “The company was founded by two entrepreneurs, Damian Fannin and Jerry Hughes”, he says. “They were involved in music production at the time and were approached by Aer Lingus to provide content for a new audio entertainment system it was installing in its long-haul fleet. Their Aer Lingus contact also had a contact in Iberia, which led to a contract there. And the business grew from that point.”

In the 1990s, video became the new standard for inflight entertainment and the company’s ability to adapt to new technology allowed it to move into that area swiftly. “That’s when it changed its name to Inflight Dublin from Inflight Audio, to reflect the changed nature of the business”, says White.

John White joined in 2009 following a recommendation from Enterprise Ireland, the national export agency, for the company to strengthen its management team. “The opportunity came to buy out the company in 2012. I did that with a private equity partner and we exited from that in 2016”, White adds. “Our main service is still content provision. We acquire content on behalf of airlines from Hollywood, Bollywood, Nollywood, European and Arabic cinema. We also acquire TV series from around the world. We compile and edit the content to meet the system specs on the aircraft. We also do safety videos and ads for inflight shopping.”

Pivoting to software development

Three years ago, the company started to develop software to stream content to passengers’ own devices. This represents a major growth area, as it expands the potential market for the company’s services from long-haul jets to aircraft of almost any size.

“Our traditional focus was long-haul aircraft with screens built into seatbacks”, he explains. “With wireless, we can put a small server on a plane with wireless access ports, and stream content to more than 200 passenger devices. There are hundreds and hundreds of airlines with no long-haul aircraft in their fleets and we are enabling them to offer inflight entertainment to their passengers. We have developed new areas like onboard retail. Passengers can order and pay through their own devices. We also have partnerships with organisations such as TripAdvisor and Groupon to distribute deals, and we share revenue from those sales. Another service we offer allows passengers to book ground transportation tickets.”

Enterprise Ireland has played an important role in connecting Inflight Dublin with international partners. “Enterprise Ireland has been supporting us for the past 15 years and has been particularly helpful in overseas markets. They help set up meetings with airlines and other partners. It is very important to have a State body like Enterprise Ireland backing us. Many airlines are still State owned and like to see that backing. Enterprise Ireland also supported us in the development of our software offering on the wireless side of the business.”

Looking ahead, White is targeting continued growth for both sides of the business. “We see the content side growing steadily, but the wireless side has the potential to grow exponentially and we see it equalling, if not surpassing the profit level of the content side of our business within the next few years. The wireless services give us direct access to the passenger spend and that will be strong growth area for us. That’s our focus for the next three to five years.”

Ireland's Aerospace and Aviation Industry

Emerging Hub

for space technology

250 Companies

60 ESA contracts

Innovation Leaders

in RFID solutions

AS9100 Certifications

as industry standard

Ireland is emerging as a global hub servicing the aerospace and aviation industries, with more than 250 active Irish companies and over 40% of the world’s fleet of leased aircraft owned and managed from Ireland.

Supported by world-class STEM (Science, Technology, Engineering, and Mathematics) education and close ties between research and industry, Ireland has strengths in logistical solutions, high-tech machine components, surface treatments and materials. These deliver superior operational performance and increased profitability for customers.

The Irish industry is one of the most technologically advanced, thanks to innovations in RFID solutions, inventory optimisation software, customer and communications automation. AS9100 certification means that companies are trusted by the most exacting customers.

With over 60 Irish companies holding contracts with the European Space Agency, Ireland is also emerging as a hub for space technologies. A new space industry strategy was recently unveiled, which will ensure Irish technology companies’ continued competitiveness in the market.

Ireland's Aerospace and Aviation Industry

Emerging Hub

for space technology

250 Companies

60 ESA contracts

Innovation Leaders

in RFID solutions

AS9100 Certifications

as industry standard

Emerging Hub

for space technology

250 Companies

60 ESA contracts

Innovation Leaders

in RFID solutions

AS9100 Certifications

as industry standard

Ireland is emerging as a global hub servicing the aerospace and aviation industries, with more than 250 active Irish companies and over 40% of the world’s fleet of leased aircraft owned and managed from Ireland.

Supported by world-class STEM (Science, Technology, Engineering, and Mathematics) education and close ties between research and industry, Ireland has strengths in logistical solutions, high-tech machine components, surface treatments and materials. These deliver superior operational performance and increased profitability for customers.

The Irish industry is one of the most technologically advanced, thanks to innovations in RFID solutions, inventory optimisation software, customer and communications automation. AS9100 certification means that companies are trusted by the most exacting customers.

With over 60 Irish companies holding contracts with the European Space Agency, Ireland is also emerging as a hub for space technologies. A new space industry strategy was recently unveiled, which will ensure Irish technology companies’ continued competitiveness in the market.

Enterprise Ireland connects international businesses with Irish companies.
Tell us what you need and we'll find your ideal business partner.

Why partner with Irish businesses?

Europe’s fastest growing economy

Irish businesses are globalised, forward-looking and ambitious – their partners benefit from this dynamic approach.

One of the world’s most innovative ecosystems

Irish small and medium businesses are the most innovative in Europe and are supported by a world-class R&D ecosystem.

A global technology centre

Irish companies grow up alongside the biggest names in tech, life sciences and financial services and meet the standards of global leaders.

A culture of entrepreneurship

Irish people are renowned for developing business opportunities worldwide and their ambition means a sharp focus on success.

Why partner with Irish businesses?

Europe’s fastest growing economy

Irish businesses are globalised, forward-looking and ambitious – their partners benefit from this dynamic approach.

One of the world’s most innovative ecosystems

Irish small and medium businesses are the most innovative in Europe and are supported by a world-class R&D ecosystem.

A global technology centre

Irish companies grow up alongside the biggest names in tech, life sciences and financial services and meet the standards of global leaders.

A culture of entrepreneurship

Irish people are renowned for developing business opportunities worldwide and their ambition means a sharp focus on success.

Learn more about Irish aerospace companies

CAE Parc Aviation

CAE Parc Aviation is a global leader in providing aviation personnel solutions and services to the aviation industry. They provide 1,400 Flight Crew & Technical Personnel to 70 aviation clients worldwide. Based in Ireland, it is a subsidiary of CAE, a Canadian aviation training company that offers civil aviation, military and helicopter training services in over 45 locations and trains over 100,000 crewmembers yearly.

How we can help

Enterprise Ireland is the Irish Government’s trade and innovation agency. Our goal is to build successful, long-term business relationships between international companies and Irish partners.

Access to Innovation

As one of the world’s largest seed capital investors, we help develop a pipeline of cutting edge Irish companies.

Connect to Businesses

Our industry experts understand your requirements, and match them you with a shortlist of Irish partners that can deliver on them.

Get Direct Introductions

We make direct introductions to the right people in Irish companies, enhancing and simplifying your experience.

Access to Innovation

As one of the world’s largest seed capital investors, we help develop a pipeline of cutting edge Irish companies.

Connect to Businesses

Our industry experts understand your requirements, and match them you with a shortlist of Irish partners that can deliver on them.

Get Direct Introductions

We make direct introductions to the right people in Irish companies, enhancing and simplifying your experience.

Aerospace and Aviation Insights

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Insights from Ireland Irish Advantage in ASEAN: Building on a thriving relationship
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Irish suppliers have much to offer customers in Singapore and the ASEAN region, according to Smruti Inamdar, Director ASEAN at Enterprise Ireland Singapore. Affinities shared by Singapore and Ireland are…
Aviation

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