Fortec AG was established in 2015, as a spin-off of Forlog AG (www.forlog-group.ch), under the name of Forlog PMC AG. The goal of the company was to provide procurement and expert management services. In that capacity the company has participated in a number of important infrastructure projects outside of Switzerland. In 2021 the name was changed to Fortec AG to reflect the additional function of identifying the viable Swiss technologies with the view of their integration into projects run by Forlog AG.
In early 2023 the UAE based holding company, Zorya Group LLC, has acquired all of the Fortec AG shares from Forlog AG. The company management has been changed. The business mission of the company was expanded to identification and acquisition of viable businesses in Switzerland and the EU countries, in addition to the existing business of promotion of marketable Swiss and Western European technologies to the international markets. Capabilities of FORTEC at financial facilitation and venture projects participation were substantially reinforced by participation of Zorya Group.
The first acquisition of FORTEC was completed in May, 2023. FORTEC bought a 75% stake in an engineering company based in Prague, with offices in Tbilisi and Almaty. This acquisition has substantially expanded the sales and marketing capabilities of Fortec AG.
