Press Release 03 Feb 2014

An Taoiseach attends official groundbreaking ceremony

GALWAY, Ireland, Feb 03, 2014 — HP Ireland today announced the formal commencement of the construction phase of its new 89,000 sq. ft. office building in Ballybrit, Galway, at a ceremony attended by Ireland’s Taoiseach, Enda Kenny, TD.

Construction of the new office on the existing HP site in Ballybrit was announced last year by HP. The new building will be a modern office building, built with flexibility and environmental sustainability features and fitted out to support the needs of HP employees into the future. The office will be dedicated to software research and development, cloud technology and business services with capacity for up to 700 staff.
 
The project is expected to be one of the largest construction projects in Galway in recent times, and is likely to create up to 200 construction jobs.

The existing building on the site dates back to 1973, when Digital established its manufacturing facility in Ireland and the building was opened by Liam Cosgrave, the current Taoiseach. With the transformation and expansion of HP’s operations since then—more than 300 jobs have been added in the last three years alone—and with employees now working in areas of software research and development, cloud technology and business services, a new state-of-the-art facility was required. 

“Galway continues to be a great source of IT talent that can drive future innovation for HP,” said John Hinshaw, executive vice president, Global Technology and Operations, HP.  “We are pleased to be investing in this site and getting construction underway and I look forward to an even stronger presence for HP in Galway.”

Speaking at the groundbreaking ceremony, An Taoiseach, Enda Kenny TD said: “I am very pleased to be present for the commencement of this significant investment by HP in a new state-of-the-art facility in Galway.  This is a vote of confidence in HP's Irish operations and is a welcome signal of the company's commitment to the area.  HP was one of the first multinational tech companies to come here and Ireland has since gone from strength to strength in attracting investment from the tech sector.  Through the Action Plan for Jobs, the Government will continue to prioritise support for sectors which can realise jobs growth and measures to enhance Ireland's attractiveness as a location for inward investment.”

“With this investment, HP is redefining its future in Galway for the next 40 years,” said Mark Gantly, managing director, HP Galway. “We are continuing to strengthen the footprint of HP in Galway through continued investment and transformation.”

Welcoming today’s announcement Barry O’Leary, CEO of IDA Ireland said: “HP is a global provider of IT products, solutions and services, with a long history in Ireland, originally setting up here in Galway in 1970. The construction of a new state of the art facility demonstrates HP’s continued commitment to the future of the company’s presence in Ireland. I would like to congratulate HP on this important milestone and wish the company the continued support of IDA Ireland into the future.”

From start to finish, the project involves local suppliers from the west of Ireland. Construction is by M.J. Conroy Group, project managers are AECOM, architects are Taylors Architects, the consultant engineers are ARUP and RPS, and other sub-contractors are also drawn from the local area. Construction is due for completion in February 2015.

“We are very happy to partner with HP on this excellent and worthwhile opportunity,” said Noel Conroy, project director, M.J. Conroy. “This site will be a landmark office building in Galway and one of the largest developments of its kind recent years which will help attract new foreign direct investment into the region. Its development represents the strong commitment of both our firm and HP to the region. We are optimistic about the future of the Irish commercial real estate market and are actively looking for other opportunities in the market.”

About M.J. Conroy Group
Established in Mayo in 1932 by Michael J Conroy, the MJ Conroy Group is a family run construction contracting and property business with operations in Ireland and Europe.  The firm has grown considerably over the years and carries out construction and fit out work for both commercial and industrial facilities, working alongside many architectural and engineering firms.  In Ireland, clients include HP, Allergan Pharmaceuticals, Aspect Software, Boston Scientific and Bank of Ireland. More information is available at http://www.mjconroy.com

About HP Ireland
HP is one of the largest multinational companies in Ireland, with five core business groups located in Leixlip, Dublin, Galway and Belfast.  Businesses represented in Ireland are the HP Sales and Services Division; HP Manufacturing Operation; HP Software R&D Centre incorporating Centre for Cloud Service Innovation; HP Global Service Desk for Europe, Middle East and Africa (EMEA), and HP Financial Services for EMEA.

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society.  With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers’ most complex challenges in every region of the world.  More information about HP (NYSE: HPQ) is available at http://www.hp.com.

This news advisory contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP’s businesses; the competitive pressures faced by HP’s businesses; risks associated with executing HP’s strategy and plans for future operations; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP’s products and services effectively; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; risks associated with HP’s international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2013, and that are otherwise described or updated from time to time in HP’s Securities and Exchange Commission reports. HP assumes no obligation and does not intend to update these forward-looking statements.
               
© 2014 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


 

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