TTS acquisition a step closer

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Christian Shelton

02 January 2019

Finland-headquartered crane and equipment maker for the offshore industry MacGregor has received clearance 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 approval from the competition authority in China. MacGregor expects to close the transaction in the first quarter of 2019.

TTS_Logo_CMYK_Eps_5

Approval from the South Korean Fair Trade Commission has been given for the acquisition of the TTS Group’s marine and offshore businesses by MacGregor
 
Asia China (inc. Taiwan, Hong Kong, Macau) Korea (South) Finland Mergers & acquisitions Crane & Specialized Transport
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