Cargotec's MacGregor acquires marine and offshore business from TTS Group

MacGregor, part of Cargotec, has entered into an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment for merchant and offshore ships, for an enterprise value of EUR 87 million.

“The combination of two highly complementary businesses will produce greater scale and diversification and will strengthen MacGregor's portfolio and market position in key markets for cargo and load handling equipment.”macgregor.com

• 2 sources
• macgregor.comCargotec strengthens MacGregor by acquiring marine and offshore business from TTS Group - MacGregor.comFeb 8, 2018
• cranebriefing.comCargotec buys TTS - Crane & Transport BriefingAlex DahmFeb 14, 2018

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