MacGregor Receives Clearance For Acquisition Of Marine And Offshore Businesses Of TTS

MacGregor, part of Cargotec, has received a clearance decision from the South Korean Fair Trade Commission on the company’s acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February 2018.

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MacGregor announced the approval from the German regulator on 6 November 2018 but is still waiting for the approval from the competition authority in China. As communicated on 20 December 2018, MacGregor
expects to close the transaction in Q1 2019.


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