Helsinki (Finland), 14 November 2024 –
MacGregor employs about 1,800 people across 30 countries and is providing integrated cargo and load handling solutions and services designed to perform at sea for the maritime transportation and offshore industries.
Triton has leading experience in carving out businesses from blue-chip corporates – such as Bosch, Siemens, Volkswagen and others – and building them into successful standalone companies. Almost half of all Triton Mid-Market investments made since inception have been carve-outs.
Ilkka Tuominen, Investment Advisory Professional at Triton, said: “MacGregor stands out due to its engineering capabilities; broad and sustainable product offering; high-quality equipment; and strong reputation. Triton looks forward to collaborating with the company and its employees to develop further on this market leading position especially by strengthening the aftermarket platform where we see great potential. MacGregor is at the core of Triton’s investment focus to acquire market leading companies with strong potential and a competitive edge.”
Casimir Lindholm, CEO of Cargotec Corporation said: “The agreement to sell MacGregor represents the last major milestone in our project to unlock shareholder value by separating Cargotec’s businesses into standalone companies. The two-year project has progressed according to our plan and is now in its final stages. The proceeds from the Transaction will boost Hiab’s ambitious growth plans through innovation and M&A. MacGregor will become a strategic asset for its new owner who will develop and put full focus on the business, which will enable further growth and profitability improvement.”