MacGregor Completes Rapp Marine Acquisition
MacGregor, part of Cargotec, said it has completed its EUR 16 million ($19.8 million) acquisition of Rapp Marine Group (RMG) after first announcing the deal in December 2017. "With MacGregor's Triplex deck handling portfolio we already today have a very strong position in the fishery and research vessel segment and the addition of Rapp Marine's team members and technologies further strengthens our position," said Høye Høyesen, Vice President, Advanced Offshore Solutions, MacGregor. RMG employs about 120 people with main locations in Norway, the U.S. and U.K. "Our team is happy to join MacGregor. Customers can benefit from the wider portfolio of safe and efficient equipment from one provider to their specific vessels…
MacGregor Acquires Rapp Marine
MacGregor, part of Cargotec, has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment. The enterprise value of the acquisition was approximately €16 million ($19 million). With RMG, MacGregor is able to expand upon its existing portfolio which already includes various deck handling equipment, such as cranes and booms, to now offer complete solutions with advanced winches and related control systems. "MacGregor has a strategic interest in widening services for customers within fishery and research segment," said Michel van Roozendaal, President, MacGregor. "Products needed for these demanding vessel types have to be safe, robust and reliable with a good after sales network.
