Jebsen & Jessen Group and Safetech signs agreement for strategic partnership at Jebsen & Jessen headquarters in Singapore
Diversified industrial conglomerate Jebsen & Jessen Group and Safetech, Australia’s leading dock products and lifting solutions provider, today announced the signing of a strategic partnership, with Jebsen & Jessen acquiring a majority stake in Safetech.
The signing of their strategic partnership builds on Jebsen & Jessen Group’s “Advance & Build” strategy following the acquisitions of MHE-Demag’s Industrial Products (IPD) Business and Electro-Mechanical Services (EMS) in Australia.
By leveraging Safetech’s established operations and expertise, the partnership creates synergies that benefit both companies and position them for accelerated growth in Australia. Customers will gain access to a wider product range, enhanced service network, and Safetech’s Australian-designed and manufactured products across key markets, including Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
The partnership will adopt a joint management structure, with Lindsay Wakefield, Founder and Managing Director of Safetech, retaining a stake in the business as a minority shareholder and continuing to serve in the business.
Safetech will retain its current commercial operations, personnel, offices, and factories and continue to produce and market its products under its current branding.
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