102 LAWYER MONTHLY JULY 2023 Addtech’s Acquisition of a Majority Stake in Feritech Global About the Deal Stephens Scown LLP advised Feritech Global during Addtech’s acquisition of a 90% stake in its business. The acquisition was completed on 5 May 2023. Feritech Global is a Cornwall-founded firm of 21 employees that specialises in the design and manufacture of bespoke technical solutions for its clients in the geotechnical subsea sector. Feritech Global is deeply involved in the fast-growing offshore wind power industry and boasts an annual turnover of around £4.5 million. Addtech is a Swedish technical solutions group. By acquiring a majority stake in Feritech Global, the group will bolster its growth in the offshore wind power industry. Its business is expected to be a complementary addition to the existing operations of Addtech’s Vehicle Solutions business unit, entrenching itself more deeply in the market. Stephens Scown advised Feritech Global with a team led by partner Gavin Poole. Transaction Interview Legal Advisor to Feritech Global:
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