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.
Latest News
OceanScore: Data-driven decisions should define FuelEU compliance strategy
(Posted on 19/01/25)Ship managers must navigate tricky commercial terrain to mitigate their financial exposure as DOC holder... Read more
Inmarsat and Maritime London establish SEA-CARE working group
(Posted on 10/01/25)Inmarsat Maritime, a Viasat company, supported by Maritime London, have established SEA-CARE as a new... Read more
Chowgule partners with LR to develop first-ever ESG report and strategy
(Posted on 07/01/25)Chowgule & Co., a leading shipbuilding and engineering conglomerate in India, is partnering with... Read more
Martin Engineering opens new business unit in Kazakhstan
(Posted on 17/12/24)A world leader in bulk handling solutions, Martin Engineering, has announced fresh expansion in Central... Read more
Zelim appoints USCG SAR expert for North American expansion
(Posted on 17/12/24)Edinburgh-headquartered maritime safety innovator Zelim has appointed a former Commander of the United... Read more
Telestack secures prestigious Mibau Stema aggregates handling contract
(Posted on 11/12/24)Telestack has announced a significant new contract with Mibau Stema, secured in collaboration with long... Read more
Deployment of Starlink/VSAT Hybrid connectivity on 58 Vroon vessels completed
(Posted on 11/12/24)KVH Industries, Inc. has announced that, together with international shipping leader Vroon, they have... Read more
Damen advances sustainable dockings with shore power from Elma Systems
(Posted on 04/12/24)Damen Shiprepair Oranjewerf is giving a green boost to ship repair, maintenance, conversion and refit... Read more
Superior’s TeleStacker Conveyor automation gets major upgrade
(Posted on 29/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Superior opens new manufacturing facility in Minnesota
(Posted on 20/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
