ATR Group acquires Bridon International Azerbaijan

ATR Group has acquired Bridon International's business in Baku, Azerbaijan.

Offshore staff

ABERDEEN, UK -- ATR Group has acquired Bridon International's business in Baku, Azerbaijan. Over the next 12 months, ATR plans to invest $2 million in the Baku business, which is a distributor of wire rope and lifting equipment, and provides lifting gear testing, management, and certification services.

"With Bridon refocusing its business in manufacture rather than distribution, we saw an opportunity to fast-track our plans for the Caspian region with the acquisition of an established business," says Robert Skidmore, ATR director. "This will be our first overseas operation and once we have cut our teeth in the Caspian we will be pressing ahead with plans for other locations which include North Africa, the Middle East, and Southeast Asia."

9/11/2007

More in Company News