Faroese technology company nabs Scottish company Sterner AquaTech UK (Sterner UK).
In a press release, JT electric writes that it has entered into a deal to acquire the Scottish specialist fish farming equipment supplier Sterner AquaTech UK (Sterner UK).
As a result of the buy-out, the current management of Sterner UK will also become shareholders in the Faroese parent company, JT electric.
“This is an exciting move for both businesses and strengthens JT electric’s presence in the UK aquaculture and fish farming market,” wrote JT electric.
Inverness-based Sterner UK’s main activities include the sale and servicing of specialist fish farming equipment and the provision of specialist aquaculture solutions to the industry’s top fish farms and aquaculture businesses. It was acquired from Sterner, the largest Norwegian-owned supplier in large water treatment systems.
JT electric is a supplier of technical equipment to the aquaculture industry worldwide. The company has been active in the Scottish market for a number of years and has historically cooperated with Sterner UK regarding sales and servicing in Scotland.
Sterner UK MD Gregor Sutherland said: “JT electric operates worldwide and Sterner UK is delighted to become part of that bigger organisation. This move represents exciting opportunities for the business. Our goal has always been to provide great service to the UK & Ireland market and, with the merging of our companies, I’m confident we will be able to surpass the levels of service we have consistently delivered to our customers over the last 20 years”.
“We are excited to get the skilled staff of Sterner UK into our team”, said JT electric CEO Suni Justinussen. “With our highly qualified staff in Scotland, Denmark, Poland and the Faroe Islands, we aim to give the best service to the customers in the UK & Ireland market and in the other markets where we operate. We are also pleased to get the management in Sterner UK on board as owners in the mother company, JT electric. This will strengthen our company in our worldwide operations”.
Industrial holding company, P/F Tjaldur, owns the shares in JT electric together with the management in JT electric and Sterner UK.