Professional services firm EY Ireland has acquired DKM Economic Consultants for an undisclosed sum.

It is the first time EY, previously known as Ernst and Young, has made an acquisition in Ireland.

EY said the deal for DKM expands its existing government, infrastructure and economic advisory services in Ireland.

It added that the deal is in line with its global and Irish strategy to integrate the full range of economic advisory services throughout the firm. 

DKM Economic Consultants was founded in 1981 and is led by Directors Annette Hughes and John Lawlor.

It has a wide range of expertise, across multiple sectors, including construction, infrastructure, health, transport, urban development and agriculture.  

Under the terms of today's deal, th DKM staff will relocate operations from Grand Canal Wharf to EY's office this month. 

Its existing clients include many of the country's largest private and public sector companies, government departments, local authorities and state agencies, and the EU Commission.

With the addition of the DKM team, EY now employs 2,096 people across the island of Ireland, including its recent intake of 253 graduates.