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Garware Technical Fibres is making strategic moves on the global stage. Most notably, the company has announced the acquisition of Offshore & Trawl Supply AS (OTS), a premium Norwegian cordage firm, through its UK-based subsidiary2. This acquisition is part of Garware’s broader plan to strengthen its presence in the offshore, aquaculture, and marine sectors, especially across Europe. OTS, headquartered in Valderoey, Norway, is known for its high-quality synthetic cordage solutions. The deal is expected to be EPS accretive and aligns with Garware’s focus on efficient capital allocation. It also brings in a team of skilled Norwegian engineers, enhancing Garware’s innovation capabilities. In parallel, Garware has incorporated a wholly owned subsidiary in Norway, named Garware Technical Fibres AS, to deepen its operational footprint in the region.