Feritech Global, an engineering company based in Falmouth, has appointed Mark Smith as its new managing director. Smith, who joined the company in 2021 as purchasing manager, later became general manager. He will now lead the company as it moves forward with its development.
Robert Ferris, the company’s founder and previous managing director, is stepping down from his role. He plans to focus on other interests but will continue to hold a stake in Feritech Global.
The company specializes in providing tailored technical solutions for subsea geotechnical surveying. Its clients include offshore wind developers, the oil and gas industry, and telecommunications companies. Feritech Global serves customers in over 40 countries worldwide and recently won the prestigious King’s Award for Enterprise in the international trade category.
“I am excited to lead the company into the future,” said Smith. “The marine tech sector holds significant growth potential globally. Feritech has built a strong reputation for innovation and customer service, and I am eager to further strengthen that.”
Feritech Global has also recently opened an Innovation Centre. This new facility focuses on advanced engineering solutions for the marine industry, offering services in product design, machining, fabrication, electrical work, electronics, embedded software, hydraulics, and 3D printing. It is one of the most advanced centers of its kind in the UK.
In 2023, the Addtech Group, a Swedish publicly listed company, acquired a majority stake in Feritech Global. Addtech Group includes 140 independent companies that provide high-tech solutions primarily to the manufacturing and infrastructure sectors in about 20 countries.
Smith concluded, “We have big plans for global expansion, and we aim to solidify our position as an innovative leader in the rapidly growing subsea geotechnical sector.”
