# MacGregor receives German approval for TTS marine and offshore acquisition

Cargotec's subsidiary MacGregor received clearance from the German Federal Cartel Office for its acquisition of the marine and offshore businesses of TTS Group ASA, announced on November 8, 2018.

- Type: Acquisition
- Announced: 2018-11-08
- Status: announced
- Products: marine and offshore equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [cranestodaymagazine.com](https://www.cranestodaymagazine.com/news/cargotec-deals-progress-6841100/), 2018-11-08: "MacGregor says it received a clearance decision from the German Federal Cartel Office (Bundeskartellamt) for the company's acquisition of the marine and offshore businesses of TTS Group ASA"

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