Frictape

Frictape was founded in 1977 and provides safety solutions for helidecks in the global offshore market. Frictape has a unique position in the market with products that deliver the highest safety performance in the industry combined with the lowest TCO costs, which means that customers can typically save 40-80% compared to traditional alternatives. Frictape’s head office is located in Finland and manufacturing occurs in Estonia.

Frictape in Lagercrantz Group

Since Lagercrantz acquired Frictape in 2019, the company has had a stable development, even though the pandemic affected the company negatively with fewer safety inspections and less investments generally in the offshore market. In recent years, Frictape has expanded its business to new markets and new customer segments such as renewable industry, where offshore wind power and the military segment have mainly been the fastest-growing areas. Frictape has also increased its ambitions in product development in order to support its demanding customers and broaden its overall product offering.

“Frictape will continue to expand both geographically and in terms of our product offering and it feels reassuring to have the backing of Lagercrantz as our long-term owner, which can support us in this journey. Lagercrantz also helped us with some best practices from other subsidiaries in the Group, such as product development processes, business system upgrades and inventory management, for example.”

Heikki Koivu, MD of Frictape Group

Published: September 2022