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Garware Technical Fibres Share Price Surges Over 3% on Acquisition of 2 Norwegian Firms

Written by: Team Angel OneUpdated on: 8 Jul 2025, 3:57 pm IST
Garware Technical Fibres share price surged over 3% on the completion of the acquisition of 2 Norwegian firms, OTS and AMS, through its UK subsidiary.
Garware Technical Fibres Share Price Surges Over 3% on Acquisition of 2 Norwegian Firms
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Garware Technical Fibres Limited (GTFL), a leader in technical textiles, has made a significant move to strengthen its international presence. In a key development disclosed to the BSE and NSE, the company announced the successful completion of its acquisition of Offshore & Trawl Supply AS (OTS) and Advanced Mooring Supply AS (AMS), both based in Norway.

Completion of Acquisition Formalities

In continuation of its earlier intimation dated June 23, 2025, Garware Technical Fibres confirmed that all conditions related to customary closing and adjustments have been successfully fulfilled. 

As per exchange filings, “We inform you that all conditions related to customary closing and adjustment have been met with and the acquisition of 100% issued equity share capital of Offshore & Trawl Supply AS (‘OTS’), Norway and Advanced Mooring Supply AS (‘AMS’), Norway has been successfully completed by Garware Technical Fibres UK Pvt. Ltd. (‘GTF UK’), Wholly Owned Subsidiary Company of the Company on 07th July 2025.”

Strategic Implications for Garware

With this acquisition, both OTS and AMS have become wholly owned subsidiaries of GTF UK, and consequently, step-down wholly owned subsidiaries of Garware Technical Fibres Limited. 

This strategic move marks a milestone in GTFL's expansion strategy, particularly in the offshore and marine solutions market in Europe. It is expected to enhance the company’s capabilities and market access in high-demand international regions.

Read More: UAE’s Latest Nomination-Based Golden Visa at ₹23 Lakh: How Indians Can Get it?

Garware Technical Fibres Share Performance 

As of 08 July 2025, at 10:26 AM, Garware Technical Fibres share price is trading at ₹936.36 per share, a surge of 3.36%.

Conclusion

The acquisition of OTS and AMS aligns with Garware Technical Fibres' vision to expand its global footprint and provide innovative solutions in the marine and offshore segments. By strengthening its presence in Norway, GTFL is poised to gain a competitive edge in the international technical textiles market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 8, 2025, 10:27 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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