# Cargotec sells MacGregor to Triton for €480 million

Cargotec has agreed to sell its MacGregor offshore crane and deck handling equipment division to European specialist investor Triton for €480 million. The transaction is expected to close by July 1, 2025, and will allow Cargotec to focus on its Hiab loader crane business.

- Type: Acquisition
- Announced: 2024-11-14
- Value: $520.0M (480.0M EUR)
- Status: announced
- Products: offshore crane and deck handling equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md)
- [Triton](https://endata.com/companies/1769.md) (acquirer)
- [MacGregor](https://endata.com/companies/1831.md) (target)

## Sources

- [cranebriefing.com](https://www.cranebriefing.com/news/cargotec-sells-macgregor/8040256.article), 2024-11-14: "The agreement to sell MacGregor represents the last major milestone in our project to unlock shareholder value by separating Cargotec's businesses into standalone companies."
- [smartmaritimenetwork.com](https://smartmaritimenetwork.com/2024/11/15/macgregor-sold-for-e480m/), 2024-11-15: "MacGregor stands out due to its engineering capabilities; broad and sustainable product offering; high-quality equipment; and strong reputation."

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