MacGregor divests Woodfield Systems Ltd.

MacGregor divests Woodfield Systems Ltd.

ID: 538685

(Thomson Reuters ONE) -


CARGOTEC CORPORATION, PRESS RELEASE, 27 APRIL 2017 AT 11:00 AM (EEST)

MacGregor, part of Cargotec, sells the majority shares of Woodfield Systems Ltd.
Woodfield became part of MacGregor in January 2014, when MacGregor acquired
mooring and loading systems unit from Aker Solutions. Woodfield offers onshore
loading customers marine loading arms for fluid transfer of crude oil, refined
products, chemicals LPG and LNG. Due to the different clientele, Woodfield has
been a stand-alone brand within MacGregor.

"MacGregor is pleased with this agreement with Woodfield management who is
buying the majority of the shares of the company. The agreement supports our
strategy to focus on our core business and its development," says Pasi Lehtonen,
Senior Vice President, Marketing, Business Development and Strategy, MacGregor.
"This move also allows Woodfield to fully concentrate on their core business and
supporting their customers."

The present 60 employees will all transfer with the agreement and Woodfield
continues to serve its onshore loading customers with the high quality products
and services, as before.

For more information please contact:
Pasi Lehtonen, Senior Vice President, Marketing, Business Development and
Strategy, MacGregor
Tel. +358 40 557 3881, Email: pasi.lehtonen(at)macgregor.com

or

Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor,
Tel. +47 90761 098, Email: hoye.hoyesen(at)macgregor.com



MacGregor shapes the offshore and marine industries by offering world-leading
engineering solutions and services with a strong portfolio of MacGregor,
Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and
operators are able to optimise the lifetime profitability, safety, reliability
and environmental sustainability of their operations by working in close




cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel operations,
offshore loads, crude/LNG transfer and offshore mooring are all designed to
perform with the sea. www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in
2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people.
www.cargotec.com






This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Cargotec Corporation via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 27.04.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 538685
Anzahl Zeichen: 2926

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