GTFL’s UK subsidiary acquires Norwegian firm OTS

A global leader in specialized textiles for diverse sectors, GT Garware Technical Fibers (GTFL) is acquiring the Norwegian firm known for advanced synthetic rope solutions,  Offshore & Trawl Supply AS (OTS). This acquisition is being executed by GTFL’s UK subsidiary, Garware UK. It marks an important moment in Garware’s global expansion and reinforces its dedication to provide innovative solutions across the world, says Vayu Garware, Chairman and Managing Director, GTFL.

Headquartered in Valderøy, Norway, OTS is a well-known European company recognized for its premium synthetic rope products. Their offerings perfectly complement Garware's existing capabilities, paving the way for new markets, customer bases, and growth opportunities. This acquisition aligns with their mission to develop globally scalable innovations, emphasizes Garware. It helps OTS expand their global reach and accelerate innovation, he adds.

The deal also brings a team of skilled Norwegian engineers and experts to GTFL, whose technical prowess and innovative spirit mirror GTFL's own values. Rolf Arne Giskehaug, Founder and Leader, OTS, along with his team, have built a legacy of innovation. Pune, India-based GTFL is a trusted global manufacturer of engineered polymer solutions. OTS contributes deep technical expertise in high-performance rope solutions and strong ties in the North Sea and European markets, while GTFL offers its global presence, advanced solutions, and extensive R&D capabilities.