Feritech Global, an advanced engineering company based in Falmouth, has appointed Mark Smith as its new managing director to lead the company into the next stage of its development. He has worked at the company since 2021, initially as purchasing manager before being promoted to general manager. Robert Ferris, the previous managing director and company founder, is stepping down as a director to pursue other interests, but will remain as a Feritech Global shareholder.
The company provides bespoke technical solutions for subsea geotechnical surveying, with customers spanning offshore wind developers, the oil and gas industry, and the telecommunications sector. With customers in over 40 countries around the world, the company has recently won the prestigious King’s Award for Enterprise for its achievements in the international trade category.
Mr Smith said: “I am extremely excited to have the opportunity to steer the company to still greater success. The marine tech sector has huge growth potential worldwide. The company has an outstanding reputation for innovation and customer service and I look forward to building on that further.”
The company recently opened an Innovation Centre, which specialises in advanced engineering solutions for the marine industry. The new facility offers a full range of services including product design, machining, fabrication, electrical, electronics, embedded software, hydraulics and 3D printing services, all under one roof. This is one of the most advanced facilities of its kind in the UK.
In 2023, the
Addtech Group, a Swedish publicly listed technical solutions group, acquired a majority shareholding in Feritech Global Ltd. The Addtech Group comprises 140 independent companies that sell high-tech products and solutions to customers primarily in the manufacturing and infrastructure sectors in around 20 countries.
Mr Smith concluded: “We have ambitious plans to grow the business worldwide and cement our position as global innovator at the forefront of the fast-growing subsea geotechnical sector.”