Addtech acquires Feritech Global Ltd
Addtech Industrial Solutions, a business area in the Addtech Group, has today signed an agreement to acquire 90 % of the shares outstanding in Feritech Global Ltd (”Feritech”). 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. Feritech is headquartered in Cornwall, UK, has 21 employees and a turnover of approximately GBP 4.5 million. Feritech complements and strengthens Addtech's existing operations within the