Fortaco focuses on vehicle cabins, sells steel fabrication to HANZA Group

Fortaco Group has signed an agreement to sell its steel fabrication and assembly operations in Estonia, Poland, and Finland to HANZA Group, a global contract manufacturer listed on the Nasdaq Stockholm.

The divestment aims to sharpen Fortaco's strategic focus, enabling the company to concentrate on and reinforce its vehicle cabin operations.

Fortaco is a strategic partner to off-highway equipment OEMs worldwide, providing technology solutions, cabin design, and manufacturing.

Further details regarding the transaction, including financial terms and closing timeline, were not immediately disclosed. The move is expected to align Fortaco with its stated strategic objectives.