PORTEK SHARE SOLD

Stockholm-based Bromma Group has bought a 25% equity interest in Bromma Far East (Singapore) from Portek International, to give it sole ownership of the company.

Bromma is targeting Asian growth and over the past 12 months the group has almost doubled manufacturing capacity through the expansion of its crane spreader factory in Malaysia; the opening of a new customer service and support office in Shanghai; and the expansion of support staff at its Asia marketing operations.