December 11, 2024

West Ireland Investments Expands Commitment to Monarch Global Poland

West Ireland Investments has further increased its stake in Monarch Global Poland with an additional $1.75 million investment, bringing the total to over $7.5 million. This significant investment highlights our dedication to strengthening Monarch’s market position and exploring new growth avenues.

Since its inception, Monarch Global has shown remarkable growth, becoming a leading NTV Prime Contractor for the US Department of Defence (DoD). Operating in over 20 European countries and leasing more than 250 vehicles, Monarch is now building on its defence sector success to enter the construction industry.

STRATEGIC EXPANSION WITH MONARCH GLOBAL

Our investment aligns with Monarch Global’s recent win of a 2000 vehicle NTV contract, marking a pivotal moment in our strategic expansion. This initiative underscores West Ireland Investment's commitment to enhancing our partner's position in the market and exploring new growth opportunities together.

Monarch Poland ZOO has secured several key contracts, demonstrating its robust performance and reliability:

· US Department of Defence NTV Contracts: Eight contracts totalling 60 units across Lithuania, Poland, Germany, Ukraine, Bulgaria, and Romania.

· US Army Box Truck Contracts: Nine contracts for 10 units each, with deliveries to Poland, Bulgaria, and Romania.

· US Air Force Contract: One-time purchase of a customized tractor for Germany.

· US Navy Contract: Commercial kitchen service for DFAC in Poland.

· US Army Prime Contractor Contracts: Medical waste collection in Germany and commercial kitchen service in Romania.

Ritesh Kanojiya, CEO Central and Eastern Europe, stated, "Monarch Global's strategic initiatives and successful execution of key contracts underscore its position as a formidable player in the defence sector. The $1.75 million investment by West Ireland Investments will further bolster our European expansion, allowing us to explore new opportunities and solidify our presence in the construction industry."

ALIGNING WITH OUR INVESTMENT PHILOSOPHY

West Ireland Investment’s focus on sustainable growth and long-term value is evident in this strategic partnership. Our global perspective, rooted in our Dubai base, and our diverse portfolio across sectors like Logistics & Procurement, Hospitality, Business Setup & Freezone Management, and Real Estate & Property Development, drive our commitment to backing great businesses and supporting talented teams.

This investment not only strengthens our position in the defence and construction sectors but also benefits the communities we serve by fostering innovation and creating lasting value. Our ethical practices, transparency, and appreciation for strong company cultures are at the core of our investment philosophy.

LOOKING AHEAD

As we continue to support Monarch Global in its European expansion, we remain committed to exploring new growth opportunities and reinforcing our strategic approach. Learn more about our investment strategies and opportunities by visiting our website or contacting us directly.

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