MacGregor’s TTS acquisition postponed
(Posted on 27/06/19)
MacGregor, part of Cargotec, announced on 8 February, 2018 that it has entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA. The acquisition is subject to regulatory approvals from the competition authorities in Germany, South Korea and China. MacGregor announced the approval from the German regulator on 6 November 2018 and the approval from the South Korean regulator on 27 December 2018.
MacGregor announced in March that it expected to receive approval from the competition authority in China and close the transaction during Q2 2019. Due to a longer than expected regulatory process in China, the company currently expects closing of the transaction to take place in Q3 2019.
MacGregor is a leader in intelligent maritime cargo and load handling with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes, Rapp and Triplex products, services and solutions, all designed to perform with the sea.
Shipbuilders, shipowners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor.
MacGregor is part of Cargotec. Cargotec's sales in 2018 totalled approximately EUR 3.3 billion and it employs around 12,000 people worldwide.
China’s Chengxi Shipyard has handed over the first of twin self-unloading transshipment newbuilds... Read more
Global Drone Inspection (GDI), the new subsidiary company of robotic inspection specialists RIMS BV,... Read more
Wärtsilä Voyage has introduced Wärtsilä SmartMove Suite to the global shipping market... Read more
Maritec Pte Ltd, the fuel and oil testing services company acquired by leading certification company... Read more
The U.S. Coast Guard (USCG) have issued its type approval for Alfa Laval PureBallast 2. Most owners... Read more
In the midst of digital technology continuously changing the landscape of the international shipping... Read more
Rotterdam-based company DisinfectYour.com has launched a new service to help vessel owners and crew... Read more
Current Direct, a new research and innovation project funded by the European Commission’s Horizon... Read more
Data analytics innovator ioCurrents will offer KVH Watch connectivity as part of their vessel maintenance... Read more
Thordon Bearings has added to the growing concern over proposed changes to Vessel Incidental Discharge... Read more