# MacGregor completes acquisition of Rapp Marine Group

MacGregor, part of Cargotec, completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG), a deck handling equipment maker for fishery and research vessels. The deal was first announced in December 2017.

- Type: Acquisition
- Announced: 2018-02-05
- Where: Norway
- Value: $19.8M (16.0M EUR)
- Jobs: 120
- Status: completed
- Products: deck handling equipment, winches, control systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [MacGregor](https://endata.com/companies/1831.md) (acquirer)
- [Cargotec](https://endata.com/companies/1832.md) (partner)
- [Rapp Marine Group](https://endata.com/companies/29851.md) (target)

## Sources

- [marinelink.com](https://www.marinelink.com/news/maritime/rapp-marine-group), 2018-02-05: "With MacGregor's Triplex deck handling portfolio we already today have a very strong position in the fishery and research vessel segment and the addition of Rapp Marine's team members and technologies further strengthens our position."

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