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
Naples cargo operator invests in energy-efficient Konecranes Gottwald MHC
(Posted on 01/05/25)Magazzini Generali Silos Frigoriferi (MGSF), part of the Klingenberg Group, has ordered a Konecranes... Read more
FuelEU Maritime compliance strategy is commercial priority, says OceanScore
(Posted on 28/04/25)FuelEU Maritime represents a strategic headache for shipping companies on the same level as its technical... Read more
Wärtsilä upgrade to deliver emissions savings for Ulusoy bulk carriers
(Posted on 22/04/25)Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines... Read more
Steelpaint secures major order for application on 39 bulk vessels
(Posted on 22/04/25)German coatings firm Steelpaint GmbH has secured a major order to supply its specialist Stelpant... Read more
BAR Technologies' WindWings a practical solution
(Posted on 15/04/25)In the wake of the International Maritime Organization's (IMO) Marine Environment Protection Committee... Read more
Orderbook for all dry-bulk vessel classes falls by 26% Y-o-Y in Q1
(Posted on 15/04/25)Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels... Read more
Alfa Laval expands its portfolio with NRG Marine acquisition
(Posted on 03/04/25)Alfa Laval has completed the acquisition of UK-based NRG Marine, a leading provider of ultrasonic anti... Read more
MBF and ZESTA MoU to accelerate zero-emission shipping
(Posted on 03/04/25)In a landmark moment for the global maritime industry, the Maritime Battery Forum (MBF) and the Zero... Read more
Bruks Siwertell Group announces leadership transition
(Posted on 31/03/25)Bruks Siwertell Group has announced a leadership transition as Peter Jonsson steps down as CEO after... Read more
ClassNK issues AiP for OceanWings Rigid Windsail Type WAPS
(Posted on 31/03/25)ClassNK has issued an approval in principle (AiP) for a Rigid Windsail Type Wind-Assisted Propulsion... Read more
