Tech company Feritech Global appoints new Managing Director

Feritech Global, an advanced engineering company based near Falmouth, has appointed a new Managing Director to lead the company in its next stage of development.

The new Managing Director has been named as Mark Smith, who takes over the role having worked at Feritech since 2021, initially as Purchasing Manager and subsequently as General Manager.

Mark Smith said: “I am extremely excited to have the opportunity to steer the company to still greater success. We operate in a technology sector where there is huge growth potential worldwide. The company has an outstanding reputation for innovation and customer service and I look forward to building on that further, leading to more expansion and job creation in Cornwall.”

Feritech provides bespoke technical solutions for subsea geotechnical surveying, with clients spanning offshore wind developers, the oil & gas industry and the telecommunications sector.

With customers in over forty countries around the world, the company has recently won the prestigious King’s Award for Enterprise for its achievements in international trade.

The company also recently opened a new £3m Innovation Centre, which specialises in advanced engineering solutions for marine and other industries. 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 about 140 independent companies that sell high-tech products and solutions to customers primarily in the manufacturing and infrastructure sectors in around 20 countries.

The previous Managing Director and company founder, Robert Ferris, is stepping down as a director to pursue other interests and remains a Feritech Global shareholder.

Mark Smith adds: “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.”