Sansei Technologies Takes Majority Stake of FORREC
06
12
2023
Sansei Technologies Takes Majority Stake of FORREC
(eap) Osaka, Japan-based Sansei Technologies, parent company of roller coaster manufacturers S&S (USA) and Vekoma Rides (Netherlands), has acquired a majority stake in the Canadian design company FORREC. As part of this new structure, Sansei will act as a strategic partner investing in the further international growth of Forrec. According to the two companies, the leisure market is increasingly demanding dynamic, complex and integrated project solutions. By pooling their expertise in the ride technology and concept design planning areas, they are positioning themselves for the future.
“Sansei and Forrec’s shared focus on our employees, relationships and industry partners has been key to our success. As partners, our shared priorities are a commitment to collaborate and create new opportunities and experiences for our cliens, their guests, and our talent. Forrec has earned the trust of our clients, and now they are looking to us to do more. This presents an amazing opportunity to grow and create some of the world’s most successful leisure and experience destinations,” says Forrec’s CEO, Cale Heit.
“Forrec’s people and their outstanding storytelling and design capability and our expertise in amusement rides complement each other. This allows us to provide more solutions for our clients' evolving needs and to create unforgettable experiences,” adds Noboru Rachi, CEO of Sansei Technologies.
Forrec will continue to operate as a separate company, with daily operations remaining with Forrec management. A new board will combine the expertise of both companies. Sansei Technologies also recently announced a change on group management level: As of the new year, Har Kupers, currently CEO of Vekoma Rides, will take over the position of Corporate Executive Officer of the group (cf. EAP News of 7 Nov 2023).
More info: https://www.eap-magazin.de/Article/Sansei-Technologies-Takes-Majority-Stake-of-FORREC.html
