Addtech Industrial Solutions, a business area in the Addtech Group, has signed an agreement to acquire 90% of the shares outstanding in Feritech Global Ltd.
Rob Ferris, MD of Feritech Global, said: “This is a very exciting development for Feritech Global. It will provide greater financial strength and support our continued ambitious international growth. We are delighted to be joining the Addtech family.”
Feritech is a leader in the design and manufacture of bespoke technical solutions for the geotechnical subsea sector. The company has a broad offering and operates globally mainly towards the expansion of offshore wind power.
Addtech is a Swedish publicly listed technical solutions group. The business comprises about 140 independent companies that sell high-tech products and solutions to customers primarily in the manufacturing and infrastructure sectors in around 20 countries.
Daniel Prelevic, Business Area Manager, Addtech Industrial Solutions says: “With its broad offering, primarily for the expansion of offshore wind power, Feritech will complement and strengthen our existing operations within the Vehicle Solutions business unit in a very good way.”
More information about the Addtech Group can be found here.