Benchmark International is delighted to announce the transaction between Redruth-based Feritech and Swedish-based Addtech Industrial Solutions, a business area in the Addtech Group.
The agreement is for 90% of the shares outstanding in Feritech.
Feritech designs, manufactures, and supplies turnkey engineering solutions for the geotechnical and subsea sectors through its extensive in-house manufacturing capabilities. Headquartered in Cornwall, the company has 21 employees and a turnover of approximately GBP 4.5 million.
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