MacGregor receives clearance from South Korean competition regulator for the acquisition of the marine and offshore businesses of TTS

MacGregor, part of Cargotec, has received a clearance decision 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 8th February, 2018.

MacGregor announced the approval from the German regulator on 6th November 2018 but is still waiting for the approval from the competition authority in China. MacGregor expects to close the transaction in Q1 2019.