Triton has announced its decision to acquire MacGregor, a global leader in maritime cargo handling, from its parent company Cargotec.
The acquisition, which is subject to regulatory approvals, is expected to complete by 1 July 2025. Upon completion, Triton plans to establish MacGregor as a standalone company and strengthen its aftermarket platform.
“MacGregor stands out due to its engineering capabilities, broad and sustainable product offering, high-quality equipment and strong reputation,” said Ilkka Tuominen, investment advisory professional at Triton.
“MacGregor is at the core of Triton’s investment focus to acquire market leading companies with strong potential and a competitive edge.”
MacGregor which employs around 1,800 people across 30 countries, providing integrated cargo and load handling solutions for the maritime transportation and offshore industries.
The company holds a dominant position in the market, with its equipment featured on half of the global merchant fleet. Plans to sell the company have been on the cards since late 2022.
“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,” explained Casimir Lindholm, chief executive of Cargotec Corporation.
“The two-year project has progressed according to our plan and is now in its final stages. The proceeds from the transaction will boost Hiab’s ambitious growth plans through innovation and M&A.”
Triton brings extensive experience in carving out businesses from large corporations, having previously successfully separated companies such as Bosch, Siemens and Volkswagen, among others.
