Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

MacGregor gets another approval for TTS acquisition

On 27th December MacGregor stated that clearance of the transaction had been received from the competition authorities in South Korea

Linked InTwitterFacebookeCard

MacGregor, part of Cargotec, and TTS Group ASA, first announced the purchase and sale agreement of TTS’s marine and offshore business segments announced on 8th February, 2018, subject to regulatory approvals from competition authorities in China, Germany and South Korea. The parties hoped to complete the transaction by the end of 2018.

 

MacGregor announced the approval from the German regulator on 6 November 2018, but added that due to longer than expected regulatory processes in China and South Korea, this schedule had slipped to Q1 2019.

 

With the clearance decision from the South Korean Fair Trade Commission, the Chinese approval is still awaited.

 

During the past 10 months, TTS has announced seven separate deals for cranes, other deck equipment, ro-ro and lo-lo access equipment for various shipyards worth a total of NOK449M (€44.9M).

Linked InTwitterFacebookeCard

You may also be interested in...

JV boost for Shanghai

Sibre/EMG for ADT

VTG introduces rCE Powerpack

China and Nepal agree transit trade deal

Chinese operators march offshore

Primorsk development plan

Related Stories

Dachser deploys gigaliners in Czech Republic

In the Czech Republic, Dachser recently started circulating two 25.25m long giga...

LaseUCD from LASE

Starting with an application in Pusan New Port (PNC), LASE GmbH has introduced a...

Utilisation up for APM Terminals

Total utilisation across the group’s portfolio of terminals improved 9% to...

Sales up for Sany

Sany Group reports a 38.6% increase in revenue for the six month period ending 3...
Linked In
Twitter