Garware Technical Fibres receives counsel from JSA regarding the acquisition of Norwegian companies
In a significant move towards global expansion, Garware Technical Fibres Limited has announced the acquisition of Offshore & Trawl Supply AS and Advanced Mooring Supply AS. The exact details of the acquisition, including its completion date, are yet to be disclosed.
The acquisitions, both incorporated under the laws of Norway, are part of Garware's strategic growth plan. This move is expected to enhance Garware's offerings in the mooring solutions space and the aquaculture sector.
JSA Advocates & Solicitors, a renowned law firm, provided legal support for Garware Technical Fibres Limited during the acquisition process. Rinku Ambekar, a Partner at JSA Advocates & Solicitors, and Reshma Oak, a Principal Associate, led the team that advised Garware. Priyanka Ghag, an Associate at JSA Advocates & Solicitors, also contributed to the transaction.
The acquisition was completed through Garware Technical Fibres UK Private Limited, the wholly owned UK subsidiary of Garware Technical Fibres Limited. The location of the transaction is not specified.
Garware Technical Fibres Limited is a global leader in technical textiles, providing innovative, application-focused solutions across Aquaculture, Fisheries, Geosynthetics, Sports, and Industrial sectors. With this acquisition, the company aims to strengthen its position in the global market.
However, the acquisition does not specify any new subsidiaries or acquisitions by Garware Technical Fibres Limited, nor does it reveal any new clients or companies involved. It also does not disclose any specific terms or financial details of the deal.
As Garware Technical Fibres Limited continues its global expansion, the strategic acquisition of Offshore & Trawl Supply AS and Advanced Mooring Supply AS marks a significant step in the company's journey towards becoming a dominant player in the technical textiles industry.
