# 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.

- Type: Acquisition
- Announced: 2018-02-09
- Where: Finland
- Value: $107.0M (87.0M EUR)
- Status: announced
- Products: cargo handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [MacGregor](https://endata.com/companies/1831.md) (acquirer)
- [Cargotec](https://endata.com/companies/1832.md) (investor)
- [TTS ASA Group](https://endata.com/companies/16726.md) (target)

## Sources

- [ship-technology.com](https://www.ship-technology.com/news/macgregor-buy-tts-groups-marine-offshore-businesses-e87m/), 2018-02-09: "This acquisition is an important step in executing MacGregor's growth strategy and providing customer-focused solutions in both merchant shipping and offshore segments."
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/0860.htm), 2018-02-22: "MacGregor, part of Cargotec, has entered into an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment and services for merchant and offshore ..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.