Acquisitions7 Jul 2025, 06:54 pm
Garware Technical Fibres Completes 100% Acquisition of Offshore & Trawl Supply AS and Advanced Mooring Supply AS
AI Summary
Garware Technical Fibres Ltd has successfully completed the acquisition of 100% issued equity share capital of Offshore & Trawl Supply AS ('OTS') and Advanced Mooring Supply AS ('AMS'), both based in Norway. This acquisition was completed by Garware Technical Fibres UK Pvt. Ltd., a wholly owned subsidiary company of Garware Technical Fibres Ltd, on 7th July, 2025. As a result, OTS and AMS have become wholly owned subsidiaries of GTF UK, and consequently, step-down wholly owned subsidiaries of Garware Technical Fibres Ltd.
Key Highlights
- Garware Technical Fibres Ltd has completed the acquisition of 100% issued equity share capital of Offshore & Trawl Supply AS and Advanced Mooring Supply AS, both based in Norway.
- The acquisition was completed by Garware Technical Fibres UK Pvt. Ltd., a wholly owned subsidiary company of Garware Technical Fibres Ltd, on 7th July, 2025.
- Offshore & Trawl Supply AS and Advanced Mooring Supply AS have become wholly owned subsidiaries of GTF UK.
- GTF UK is a wholly owned subsidiary company of Garware Technical Fibres Ltd.
- Offshore & Trawl Supply AS and Advanced Mooring Supply AS are now step-down wholly owned subsidiaries of Garware Technical Fibres Ltd.