Home ShipmanagementMarine Equipment Products and Services MacGregor receives clearance from the S. Korean competition regulator for the acquisition of the marine and offshore businesses of TTS

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

by admin

CARGOTEC CORPORATION, 27 DECEMBER 2018 AT 5.00 PM EET

MacGregor, part of Cargotec, has today 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 8 February, 2018. 
MacGregor announced the approval from the German regulator on 6 November 2018 but is still waiting for the approval from the competition authority in China. As communicated on 20 December, 2018, MacGregor expects to close the transaction in Q1 2019.

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