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Jul 17
0

FERRY FINANCE

By | 2019 Newsletter week 29 | No Comments

Cargotec’s Macgregor Received Clearance From The Chinese Competition Regulator For The Acquisition Of The Marine And Offshore Businesses Of TTS Group

MacGregor, part of Cargotec, has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA. Based on revised estimates, potential cost synergies are estimated to be around EUR 25-30 million on annual level.

MacGregor now has all the regulatory approvals needed to be able to complete the transaction, which was announced on 8 February 2018. Closing of the transaction is expected to take place 31 July 2019. MacGregor previously announced approval from the German regulator on 6 November 2018, and approval from the South Korean authority on 27 December 2018.

Sep 21
1

New access ramps for the Calais Port 2015 project

By | 2017 Newsletter week 38 | No Comments

MacGregor, part of Cargotec, has signed a contract with French civil engineering construction company Bouygues Travaux Publics, to design, fabricate and install three linkspan facilities in the port of Calais.
In August, the pending decision was already criticized by local politicians from extreme right party Front national. They condemned the fact that the ramps would be built in Poland, and not in the Nord Pas-de-Calais region. They also tried to prove that the floating type of linkspan is less reliable than the actual fixed links. The port authorities argued that the nearby port of Dunkerque successfully uses floating linkspans since 15 years, and with the same berthing frequency as in Calais

Photo: MacGregor
Source: MacGregor