Finnish owner sells marine equipment factory in Gruza to Norwegians

Fortaco Group Holdco Plc’s subsidiary Fortaco Oy has signed an agreement to sell its subsidiary in Serbia and thereby its marine and energy focused Business Site Gruza 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.

In 2024, the net sales of Fortaco’s Business Site Gruza, which employs some 95 people in total, were some EUR 5.4 million and recurring EBITDA some EUR 120 thousand, the Finnish company announced.

– Selling of our operations in Gruza is the final step of the strategic considerations of our marine, energy, and heavy project businesses. The new owner, Evotec, has a solid expertise in the industry. I’m confident that they are a good new home for our people in Gruza – said Mika Mahlberg, President & CEO of Fortaco Group.

The value of the transaction has not been disclosed.

B. P.

Fortaco d.o.o. Gruža

Fortaco

Fortaco Oy

Entec Evotec AS

Business Site Gruža

marine industry

manufacture of cranes

acquisition

sale