MacGregor receives clearance from the S. Korean competition regulator for the acquisition of the marine and offshore businesses of TTS

Marine Equipment Products and Services, Mergers and Acquisitions — By on December 27, 2018 at 7:07 PM

CARGOTEC CORPORATION, 27 DECEMBER 2018 AT 5.00 PM EET

MacGregor, part of Cargotec, has today 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. 
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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