Capital Safety has acquired Altiseg Equipamentos de Seguranca de Trabalho Ltda. – EPP (Altiseg), a leading fall protection company in Brazil. Capital Safety provides fall protection and height safety products in South America.
“This acquisition expands our footprint in the region and allows us to better serve our customers. Altiseg complements our existing capabilities and strengthens our position in a fast-growing, emerging geography. Altiseg has a strong reputation and widespread brand recognition in this fall protection market and it will be a great addition to Capital Safety,” said Stephen Oswald, Capital Safety CEO.
Patricia dos Santos, commercial director at Altiseg, agrees that the acquisition will be beneficial to both companies, adding, “Our local knowledge and capabilities coupled with Capital Safety’s expanded portfolio of products shall open up new opportunities for our growth in the Brazilian market. We are delighted to join hands with a world leader to unlock our full potential.”
No further details were disclosed.