Latest news from Heavy Lift & Project Forwarding International Magazine

MacGregor in TTS deal

MacGregor, part of Cargotec, has entered into an agreement to acquire the marine and offshore business activities of TTS Group, a global provider of cargo handling equipment, for EUR87 million (USD106 million).

The acquisition, according to Cargotec, will strengthen MacGregor's marine and offshore activities and its position in China, through the joint ventures with Chinese state-owned shipbuilding companies CSSC and CSIC.

TTS Group ASA and its shipyard solutions business, TTS Syncrolift, are excluded from the deal.

TTS Group's main products are cargo handling and offshore cranes, ro-ro access systems, hatch covers, winches and related services. The group has subsidiaries in Belgium, Brazil, China, Germany, Greece, Italy, South Korea, Norway, Poland, Singapore, Sweden, UAE, USA and Vietnam.

"TTS complements MacGregor's present offering and further strengthens our position," said Michel van Roozendaal, president, MacGregor. "Combining the strengths of these two companies creates exciting opportunities for innovation and technology development during a time of industry transformation."

The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received during the third quarter of 2018.

 

www.cargotec.com

www.macgregor.com

www.ttsgroup.com

Heavy Lift | News

Noatum in MIQ takeover thumbnail image

Noatum in MIQ takeover

March 22 - Noatum Logistics has signed a definitive agreement to acquire USA-based MIQ Logistics. The agreement is expected to close in the coming weeks. 
Views: 644
CMA nears 90 percent stake in Ceva thumbnail image

CMA nears 90 percent stake in Ceva

March 19 - France-headquartered container shipping line CMA CGM is on course to control 89.47 percent of the shares in Swiss freight forwarder Ceva Logistics following a public tender.
Views: 733

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.