Formica Capital to acquire a majority stake in Rototec Group from Intera.

Formica Capital, a Swedish investment company, agreed to acquire a majority stake in Rototec Group, a drilling equipment provider, from Intera, a private equity firm. Financial terms were not disclosed. “With Formica, we get a long-term partner whose experience in building strong companies and expertise in the energy sector will be a great strength for us. Their strong belief in sustainable energy systems combined with their focus on impact and responsibility is completely in line with our values and our view of the future. We see great potential in the collaboration to continue developing Rototec strongly into the future," Alexej von Bagh, Rototec CEO.