Cargotec’s MacGregor business area providing marine cargo handling solutions has established a new division, MacGregor Offshore. The acquired companies, Norwegian Hydramarine and Singaporean Plimsoll will be the foundation for the new division. The offshore division will be headed by Henrik Vildenfeldt who previously worked as SVP, Corporate Development at MacGregor. Vildenfeldt reports to Olli Isotalo, President of MacGREGOR. The new division employs approximately 700 people. Both Hydramarine and Plimsoll are included in MacGregor financials as of the beginning of April 2007. The new offshore division will focus on achieving targeted synergies from the combination of Hydramarine and Plimsoll and continue to build on future growth.