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On
November 4th Elomatic gained a 51% majority share in
Cadmartech Ltd, a strongly growing Gdansk-based engineering
company in
Poland
. Elomatic’s presence in
Poland
increases the capacity of the Elomatic network and enables it
to take on larger projects. It has also increased the scope of
Elomatic commissions in the shipbuilding industry as there is
special expertise in
Poland
outside the traditional Elomatic strongholds of cruise and
passenger ships.
Elomatic
and Cadmartech have been cooperating closely for several years
on a wide range of shipbuilding and plant engineering
projects. Elomatic bought its first shares of the company in
2006 and in June 2007 the share was increased to 30%. The
remaining 49% of the company is owned by Mr Piotr Bilon, the
founder and managing director of Cadmartech Ltd. On Decemer
6tth the company will begin operating under the Elomatic name,
Elomatic sp. z o.o.
Acquiring
the majority share is part of Elomatic’s
internationalization strategy. The acquisition enables the
companies to deepen their partnership and start using the same
way of working. A major joint development program will be
started immediately to further strengthen Elomatic’s
capabilities to provide world-class services to the
shipbuilding industry. The Polish market also has one of the
highest growth potentials for Elomatic’s other industry
areas.
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