Fall protection industry leader Capital Safety has formally signed an agreement to acquire Single Rope Technique Equipment (SRTE), a leading rescue equipment supply business in Australia.
Capital Safety is a world-leading designer and manufacturer of height safety and fall protection equipment.
SRTE supplies a comprehensive range of rescue equipment to the majority of emergency services entities across Australia in addition to meeting the needs of the mining, oil and gas, and utilities industries in local as well as overseas markets.
Beginning with caving and rock climbing equipment in the 1980s, the Padstow, NSW-based SRTE currently supplies high-end rescue systems and access equipment specifically designed for the industrial market.
The acquisition will help Capital Safety supplement its rescue, rope access and arborist product range, enabling it to supply a more comprehensive range in Australia as well as providing a launching platform for the products in international markets.
Capital Safety Group CEO Anders Pettersson says that the SRTE acquisition gives them a significant foothold into the industrial rope access and rescue markets in Australia.
Boris Rogelja, CEO and owner of SRTE adds that the agreement with Capital Safety will help the SRTE product portfolio reach new markets.