Cargotec confirmed that MacGregor will not be a part of its portfolio in the future, but it will not divest the business at the moment.


Image source: MacGregor

Cargotec said current uncertainty in the financial market combined with the early stages of MacGregor’s turnaround means it will not initiate a sale process now. Instead, it will focus on improving the profitability of the maritime crane business and continue with a restructuring programme in its offshore business.

Long-term, Cargotec’s focus will be centre on the Hiab and Kalmar brands.