# 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.

- Type: Acquisition
- Announced: 2018-02-08
- Where: Norway
- Value: $107.0M (87.0M EUR)
- Status: announced
- Products: cargo handling equipment, offshore cranes, RoRo access systems, hatch covers, winches
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [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) (acquirer)
- [TTS ASA Group](https://endata.com/companies/16726.md) (target)

## Sources

- [macgregor.com](https://www.macgregor.com/news-insights/releases/2018/cargotec-strengthens-macgregor-by-acquiring-marine-and-offshore-business-from-tts-group/), 2018-02-08: "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."
- [cranebriefing.com](https://www.cranebriefing.com/news/cargotec-buys-tts/1131656.article), 2018-02-14: "This acquisition is an important step in executing MacGregor's growth strategy and providing customer-focused solutions in both merchant shipping and offshore segments."

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