Companies news
Pickering Pacific advises Jebsen & Jessen, the Singapore-based diversified industrial conglomerate, on its majority acquisition of Australia-based Safetech
March 2024 – Pickering Pacific is delighted to announce that it acted as the financial advisor to Jebsen & Jessen Group, the Singapore-based diversified industrial conglomerate, on its majority acquisition of Australia-based Safetech.
Established in 1984, Safetech is Australia’s leading designer and manufacturer of dock products, freight hoists, scissor lifts, pallet loading and handling equipment, and vehicle lifts. Safetech’s engineering and manufacturing capacity, extensive custom-design expertise and a national sales and service footprint reliably service the entire country.
The strategic partnership between Jebsen & Jessen Group and Safetech expands the Group’s product portfolio and service network, strengthening its market presence in Australia.
The transaction is expected to be completed on 28 March 2024.
Pickering Pacific has been supported by Wyuna Partners in this transaction.
Jebsen & Jessen Group's annoucement can be found here.
SOURCE: Pickering Pacific
