# Jebsen & Jessen Group acquires majority stake in Safetech Australia

Jebsen & Jessen Group has signed a strategic partnership to acquire a majority stake in Safetech, an Australian dock products and lifting solutions company. The deal is expected to be completed on 28 March 2024.

- Type: Acquisition
- Announced: 2024-03-01
- Where: Australia
- Status: announced
- Products: dock products, lifting solutions
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Jebsen & Jessen](https://endata.com/companies/16503.md) (acquirer)
- [Safetech](https://endata.com/companies/76032.md) (target)
- [GMA Garnet Group](https://endata.com/companies/78328.md) (target)

## Sources

- [mhe.jj-group.com](https://mhe.jj-group.com/newsroom/press-release/jebsen-jessen-group-acquires-majority-stake-in-safetech-australias-premier-dock-products-and-lifting-solutions-company.html), 2024-03-04: "This strategic partnership expands the Group's product portfolio and service network, strengthening its market presence in Australia."
- [the-mackerel.jjsea.com](https://the-mackerel.jjsea.com/venturing-down-under), 2024-06-30: "The acquisition of GMA Garnet Group (GMA) took place in April 2024, with Jebsen & Jessen acquiring the world’s largest and only fully integrated garnet company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.