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Garware Technical Fibres’ arm to acquire OTS

24 Jun 2025 Evaluate

Garware Technical Fibres’ wholly owned UK-based subsidiary -- Garware Technical Fibres UK has entered into a definitive Share Purchase Agreement (SPA) to acquire Offshore & Trawl Supply AS (OTS), a Norway-based provider of advanced synthetic cordage solutions for the offshore oil & gas, aquaculture, marine and commercial fishing industries. The acquisition marks a key milestone in the company's global growth journey and reinforces its commitment to delivering innovation-led, high-performance solutions to customers worldwide.

OTS is a well-regarded European player known for its premium, value-added synthetic cordage offerings. Its product portfolio complements the company's existing capabilities, while opening up new geographies, customer segments, and applications for mutual growth. The acquisition also brings in a team of highly skilled Norwegian engineers and domain experts known for their technical depth, customer-centricity, and innovative mindset-qualities that closely reflect the company's values and culture.

Garware Technical Fibres is engaged in manufacturing and selling various products such as Ropes, Twine, Yarn, Fishnet, Other Nets and Technical Textiles.

Garware Tech. Fibres Share Price

635.50 1.15 (0.18%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Arvind 382.70
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