Fortaco sells its heavy project business in Hungary
Fortaco Group Holdco Plc | PRESS RELEASE 10.5.2024Fortaco has signed an agreement to sell its heavy project business in Jászberény, Hungary to Cyclus GmbH (50%) and Ask US Management s.r.o. (50%). The current Managing Director, Mr. Uwe Sträter to continue as Managing Director and one of the owners. The transaction is part of the strategic evaluation of Fortaco’s marine, energy, and heavy project businesses announced on 28 February 2024. The business offerings include the whole steel fabrication process from ready-to-weld parts, welded, machined, and painted high-strength steel