Funds advised by Triton have signed an agreement to acquire MacGregor, a pioneer in maritime cargo handling, from its parent company - Cargotec Corporation.
The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by July 1st, 2025. Following completion, Triton intends to form a standalone company.
Maritime transportation
Triton has pioneering experience in carving out businesses from blue-chip corporates
MacGregor employs about 1,800 people across 30 countries and is providing integrated cargo and load handling solutions and services designed to perform at sea for the maritime transportation and offshore industries.
Triton has pioneering experience in carving out businesses from blue-chip corporates – such as Bosch, Siemens, Volkswagen and others – and building them into successful standalone companies. Almost half of all Triton Mid-Market investments made since inception have been carve-outs.
Triton’s investment focus
Ilkka Tuominen, Investment Advisory Professional at Triton, said: "MacGregor stands out due to its engineering capabilities; broad and sustainable product offering; high-quality equipment; and strong reputation."
Ilkka Tuominen adds,"Triton looks forward to collaborating with the company and its employees to develop further on this market-pioneering position, especially by strengthening the aftermarket platform, where we see great potential. MacGregor is at the core of Triton’s investment focus to acquire market-pioneering companies with strong potential and a competitive edge."
Hiab’s ambitious growth plans
Casimir Lindholm, CEO of Cargotec Corporation, said: "The agreement to sell MacGregor represents the last major milestone in our project to unlock shareholder value by separating Cargotec’s businesses into standalone companies. The two-year project has progressed according to our plan and is now in its final stages."
Casimir Lindholm adds, "The proceeds from the Transaction will boost Hiab’s ambitious growth plans through innovation and M&A. MacGregor will become a strategic asset for its new owner who will develop and put full focus on the business, which will enable further growth and profitability improvement."
