Cargotec's MacGregor completes acquisition of Hatlapa marine equipment
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 31 OCTOBER 2013 AT 5.00 PM (EET)
Cargotec announces today that its MacGregor business has completed the
acquisition of privately owned Hatlapa, a leading provider of merchant ship and
and offshore deck equipment. Cargotec announced the intention to acquire
Hatlapa in July 2013 in a transaction valued at approximately EUR 160 million.
The acquisition further strengthens MacGregor's line of premium winch products
as well as expands the offering to include steering gear, compressors, and deck
handling equipment. Hatlapa will be integrated into MacGregor's existing
operating structure and its results will be consolidated into MacGregor's
financial figures as of 1 November 2013.
Hatlapa's sales contribution to MacGregor from closing for the remainder of the
year is expected to be approximately EUR 20 million. Operating profit
contribution for the year is expected to be small, as operational profitability
will be offset by expected integration costs.
Completion of this acquisition follows receipt of required approvals from the
relevant countries and authorities.
Further information:
Eric Nielsen, President, MacGregor, tel. +358 20 777 4061
Dr. Alexander Nürnberg, Managing Director, Hatlapa, tel. +49 4122 711 0
Further information for investors:
Paula Liimatta, Director Investor Relations, tel. +358 20 777 4084
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs
approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Oyj via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 31.10.2013 - 16:01 Uhr
Sprache: Deutsch
News-ID 311555
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contact information:
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"Cargotec's MacGregor completes acquisition of Hatlapa marine equipment"
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