Cresto Group has today acquired all shares in the British company Safety Technology Ltd. including its US subsidiary Safety Technology USA LLC.
Safety Technology is a specialised supplier of fall protection and rescue solutions with special emphasis on advanced training in working at heights. Safety Technology was founded in 2001 and is today established in Clytha, Wales, UK and in Abilene, Texas, USA. The company has a total of 14 employees and has a turnover of approximately MGBP 1.7 with good profitability.
"Safety Technology complements Cresto Group's already strong position in the UK, primarily in the utilities and wind power sectors. The company's successful establishment in the US also creates good conditions for further growth in North America ", says Patrik Malterling, CEO of Cresto Group.
"We are very much looking forward to joining Cresto Group, and to jointly continue to drive development in safety at heights and rescue, says the majority seller Bob Dickens. "We have known Cresto Group and its management team for many years, and our companies have similar corporate cultures and the same passion for safety at heights. "
Closing takes effect immediately.
Helsingborg, 16 November 2021
For further information, please contact:
Patrik Malterling, CEO, Tel: +46 705 38 38 83
Johanna Ny, Marketing, Tel: +46 72 516 70 95