# MacGregor completes takeover of TTS Group marine business

MacGregor, a unit of Cargotec, has completed the acquisition of the marine and offshore businesses of TTS Group for €87 million.

- Type: Acquisition
- Announced: 2019-07-31
- Where: Finland
- Value: $97.0M (87.0M EUR)
- Status: completed
- Products: cargo handling cranes, offshore cranes, roll-on/roll-off access systems, hatch covers, winches
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [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)
- [TTS ASA Group](https://endata.com/companies/16726.md) (target)

## Sources

- [ship-technology.com](https://www.ship-technology.com/news/macgregor-cargotec-tts-group/), 2019-07-31: "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.