Fortaco Group Holdco Plc Sells Marine Business
Fortaco Group Holdco Plc’s subsidiary, Fortaco Oy, announced on 23 May 2025 the signing of an agreement to sell its marine business in Gruza, Serbia to Entec Evotec AS. Evotec, a Norwegian technology company, offers winches, booms, spooling devices, and cranes with an innovative control system.
Strategic Evaluation and Transaction Completion
The business site in Gruza underwent strategic evaluation for marine, energy, and heavy project businesses from February to November 2024. Following the fulfillment of closing conditions, the transaction was successfully finalized on 11 June 2025.
About Fortaco Group
Mika Mahlberg, President & CEO of Fortaco Group, describes Fortaco as a leading full-solution provider for OEMs in off-highway equipment industries. Their focus on assemblies, cabins, steel fabrications, and zero emission solutions reflects a commitment to cutting-edge technology and sustainability. Fortaco empowers the use of fossil-free steel in off-highway machines, enabling customers to enhance productivity and embrace a greener future.
Contact Information
For further inquiries, please contact Mika Mahlberg, President & CEO, Fortaco Group.
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