Finland’s Cargotec has signed an agreement to sell its MacGregor business arm to funds managed by private equity firm Triton.
The enterprise value of the transaction is €480m ($508m).
MacGregor offers products, services and solutions within sustainable maritime cargo and load handling.
“MacGregor stands out due to its engineering capabilities; broad and sustainable product offering; high-quality equipment and strong reputation,” Ilkka Tuominen, investment advisory professional at Triton, said
MacGregor employs about 1,800 people across 30 countries.
