Evac Group company Cathelco Ltd has finalized the sale of its subsidiary, Evac Korea Ltd, to South Korean engineering company Daesong Unitech. Following the transaction, which closed on 30 September 2025, the new entity will operate under the name EC Korea.

As part of the agreement, EC Korea will continue to represent Evac Group in South Korea as a sales agent for both Evac and Cathelco products.

“This divestment aligns with Evac’s long-term growth strategy in the region. Daesong Unitech’s expertise, combined with the launch of EC Korea, will strengthen our market presence in South Korea and support our ambitious sales targets,” says Björn Ullbro, CEO of Evac Group.