MacGregor clear for TTS acquisition
(Posted on 09/11/18)
MacGregor, a part of Cargotec, has yesterday received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.
The completion of the intended transaction is still subject to regulatory approvals in China and South Korea. MacGregor expects to receive these approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter.
MacGregor shapes the offshore and marine industries by offering world-leading engineering solutions and services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.
Sales of the BIO-SEA ballast water treatment system have contributed to an increase in third quarter... Read more
Recognizing the appeal of virtual reality (VR) for engaging seafarers who need training as they enter... Read more
Cooper Specialised Handling has released details of a contract award for the supply of a new Mantsinen... Read more
Liebherr and Karmsund Havn IKS have just signed a contract for a Liebherr LHM 550. With a maximum lifting... Read more
The technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian... Read more
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI)... Read more
The Project Forward initiative led by Athens-Based Arista Shipping, with Wärtsilä as one of... Read more
KVH Videotel have introduced a new training package, “Seafarers Mental Health and Wellbeing,&rdquo... Read more
Thordon Bearings has signed sales and distribution agreements with St. Petersburg-based Industrial &... Read more
Producers of water quality monitoring products Rivertrace, have signed an agreement as a preferred supplier... Read more