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Cargotec finalises EUR180m Aker deal

Cargotec finalises EUR180m Aker deal
Cargotec’s MacGregor has finalised the purchase of Aker Solutions’ mooring and loading systems  unit, first announced 30 October 2013, for EUR180m (approximately $245m).

The acquired unit will now be consolidated into MacGregor’s February results. Head of Aker mooring systems Leif Haukom called the move “a positive development.”

"We are happy to become part of MacGregor and see exciting opportunities coming from the combined resources, technologies and global footprint of our two companies.”

Meanwhile Eric Nielsen, president of MacGregor, said: "The addition of the mooring and loading systems' team members, technologies and products further positions MacGregor as a true leader in the marine and offshore equipment market.

“When combined with our other MacGregor products and the expertise of the recently acquired Hatlapa marine equipment business, we can now offer customers the most complete range of high performing equipment and systems. With this acquisition now complete, we look forward to a quick and smooth integration into MacGregor family, with the clear goal of serving our existing and new customers with the most innovative and well supported offering.”