Hatlapa Becomes Part of Cargotec’s MacGregor

Marinelink.com, Maritimeequipment.com
Tuesday, July 16, 2013

The Hatlapa shareholders have entered into an agreement with Cargotec´s MacGregor to transfer all company shares and to integrate the merchant ship and offshore deck equipment business into the MacGregor portfolio.


MacGregor offers integrated cargo flow solutions for maritime transportation and offshore industries. MacGregor’s offering includes hatch covers, lashing systems, cranes, RoRo cargo and passenger access equipment and self-unloading systems. For the offshore industry, the product portfolio includes a broad range of advanced solutions for subsea load handling, anchor handling and towing and mooring operations. Hatlapa and the Norwegian group member Triplex are supplying winches, steering gears, compressors, shark jaws, towing pins and multi-deck-.handler cranes.


Hatlapa was founded in 1919 and is headquartered in Uetersen, Germany. Today, the company has 585 employees of which the majority is located in Germany, Norway and Asia. Its sales are expected to be around EUR 120 million in 2013. The company has production facilities in Germany and Norway for manufacturing strategically important components and products, but approximately two thirds of the production is outsourced to third parties.


"This acquisition is an important step in executing MacGregor’s growth strategy and providing customer-focused solutions in both merchant shipping and offshore segments. The markets are consolidating and MacGregor wants to take an active part in this development. Hatlapa complements MacGregor’s present offering and Hatlapa’s strong position in winches will make us a leading player in global winch markets. We see a significant growth potential in offshore and are now better equipped to grasp those opportunities. Hatlapa has an excellent management with pioneering attitude similar to MacGregor. Together we make a strong team with good results. Hatlapa also provides excellent opportunities within services, "says Mikael Mäkinen, President, MacGregor.


"MacGregor provides us access to a larger customer base and unique world-wide service network. Joining forces creates exciting opportunities for innovation and expansion into new markets,” says Dr. Hubertus Hatlapa, Chairman, Hatlapa. “Our operating culture is alike and becoming a member of MacGregor is seen as positive news to all of us at Hatlapa,” Dr Hatlapa continues.


Hatlapa Group’s three shareholders will continue to have an active role in the business after the transaction. This commitment is reinforced through their participation to a Cargotec level capital loan of EUR 35 million which in part consideration of the purchase

price can be transferred to MacGregor equity prior to planned IPO. This arrangement supports MacGregor’s planned IPO and growth plans.


Hatlapa will be fully integrated into MacGregor operating structure and will continue its business as a new business line within MacGregor. Hatlapa’s reporting will be consolidated into MacGregor’s financial reporting once the transaction has been completed. The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received during the second half of 2013.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Stranded Virginia Beach Bulker Salvage Plan Set

The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to begin Friday morning to move the 751-foot bulk carrier, 'Ornak',

Two Marine Engineers Join Specialists EBDG

Naval architecture, marine engineering & production support service providers Elliott Bay Design Group LLC (EBDG) apprise that they have appointed marine engineers

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Offshore

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Offshore Service Vessels Design Innovation

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market.

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Marine Equipment

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

GE Gas Turbines Power USS America

GE Marine reports that the United States Navy’s future USS America (LHA 6) amphibious assault ship recently completed successful acceptance sea trials powered by two GE LM2500+ marine gas turbines.

Mergers & Acquisitions

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3461 sec (3 req/sec)