Euro Tech Holdings Enters Norwegian Market via Joint Venture with Sea Clean AS
Zolak Euro Tech Holdings Company Limited (CLWT) has expanded into the Norwegian market through a 50/50 joint venture between its subsidiary, Euro Tech Global Pte Ltd, and local company Sea Clean AS. The new entity is named CleanPACT Environmental and Marine. This partnership aims to leverage CLWT's expertise in environmental technology with Sea Clean’s regional presence. The move signals the company's strategic expansion into Northern Europe, focusing on marine and environmental services. While specific financial terms of the joint venture were not disclosed, this collaboration could enhance CLWT's market reach and service offerings in a region increasingly focused on sustainability initiatives.
Topics: environmental services joint venture market expansion