Cargotec to Reverse Listing of MacGregor

  • Business & Finance

Cargotec has decided to reverse earlier plans to separately list its MacGregor business.

Cargotec to Reverse Listing of MacGregor

Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the new MacGregor as part of the overall Cargotec portfolio.

MacGregor is seen as a key value driver for Cargotec with a broad range of competitive solutions. The existing strategy is successfully implemented by growing its merchant business and entering to additional offshore markets with its two recent acquisitions Hatlapa and Aker Solutions’ former mooring and loading systems unit.

Press Release, July 18, 2014

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