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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

MacGregor to acquire TTS Group businesses · Endata

◂ Announcements

Feb 9, 2018ACQUISITIONFinland

MacGregor to acquire TTS Group businesses

MacGregor, part of Cargotec, entered an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment and services for merchant and offshore vessels.

Value

$107.0M (87.0M EUR)

Status

Announced

Productscargo handling equipment

CompaniesMacGregor acquirer Cargotec investor TTS ASA Group target

Sectors#Material Handling

“This acquisition is an important step in executing MacGregor's growth strategy and providing customer-focused solutions in both merchant shipping and offshore segments.”ship-technology.com

2 sources
ship-technology.comMacGregor to buy TTS Group's marine and offshore businesses for €87m - Ship TechnologyMrinmoyeeFeb 9, 2018
forkliftaction.comForkliftaction News edition no. #860 from 22 Feb 2018 - email versionFeb 22, 2018

Summarized from public sources; check the original articles before acting on it.

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MacGregor wins order for monopile installation system on OHT vessel Alfa Lift
MacGregor supplier Kongsberg Maritime partner globenewswire.com
Jul 31, 2019ACQUISITIONFinland$97.0M
MacGregor completes takeover of TTS Group marine business
MacGregor acquirer Cargotec partner ship-technology.com
Nov 8, 2018ACQUISITION
MacGregor receives German approval for TTS marine and offshore acquisition
MacGregor acquirer TTS ASA Group target cranestodaymagazine.com
Feb 8, 2018ACQUISITIONNorway$107.0M
Cargotec's MacGregor acquires marine and offshore business from TTS Group
MacGregor acquirer Cargotec acquirer macgregor.com cranebriefing.com
Feb 5, 2018ACQUISITIONNorway$19.8M120 jobs
MacGregor completes acquisition of Rapp Marine Group
MacGregor acquirer Cargotec partner marinelink.com

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