Fortaco completes the sale of its marine business in Gruza, Serbia

Fortaco Group Holdco Plc   PRESS RELEASE 12 June 2025 at 14.00 EEST

Fortaco Group Holdco Plc’s subsidiary, Fortaco Oy announced on 23 May 2025 having signed an agreement to sell its marine business in Gruza, Serbia to Entec Evotec AS. Evotec is a Norwegian based technology company providing winches, booms, spooling devices, and cranes powered by Evotec’s innovative control system. Business Site Gruza was subject to the strategic evaluation of marine, energy, and heavy project businesses ongoing from February until November 2024.

As customary closing conditions have been met, the transaction has been successfully completed on 11 June 2025.

Further Information
Mika Mahlberg, President & CEO
+358 40 548 3353
mika.mahlberg@fortacogroup.com

Fortaco Group
Fortaco is the leading full-solution provider for OEMs in the off-highway equipment industries. Pioneering the design and production of assemblies, cabins, steel fabrications, and zero emission solutions, we offer cutting-edge technology for enhanced productivity. We empower off-highway machines to use fossil-free steel and our customers to optimize their operations and move towards a greener future. Fortaco Group has operations in multiple European and Asian business sites and technology hubs, which support our global customers. www.fortacogroup.com