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

New crane to lift Venice port’s prospects thumbnail image

New crane to lift Venice port’s prospects

September 20 - The Italian port of Venice says it will shortly put a new Konecranes Gottwald Model 6 mobile harbour crane into operation at its Multi Service Terminal.
Views: 154
Grubb grabs Demag crane thumbnail image

Grubb grabs Demag crane

September 20 - USA-based WO Grubb Crane Rental has taken delivery of a Demag all-terrain AC 500-8 machine.
Views: 112
Wagenborg invests in new cranes thumbnail image

Wagenborg invests in new cranes

September 19 - Wagenborg Nedlift is investing in its equipment fleet with the acquisition of two mobile cranes from Terex - a Demag AC 500-8 and a Demag AC 160-5.
Views: 217
Liebherr to join ECOL thumbnail image

Liebherr to join ECOL

September 19 - Liebherr is to become an approved training centre for abnormal road transport and mobile crane rental industry association ESTA’s European Crane Operators Licence (ECOL), due to go live in early 2019.
Views: 276

Heavy Lift Across The World

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