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 [HUG#1739690]
Cargotec's MacGregor completes acquisition of Hatlapa
Top 10 Most Recent News Articles
Top 5 Most Recently Viewed Articles
Exploring Growth in the Litigation Funding Investment Market
Understanding the Growth of the Litigation Funding Investment Market The litigation funding investment market has shown remarkable growth recently, with projections indicating it could reach USD 53.6 billion by 2032. Starting at a valuation of USD 19.0 billion in 2024, the sector is anticipated to grow at a compound annual growth rate (CAGR) of 13.84% during the forecast...
Continue Reading
Jabil's Future Looks Bright After Solid Fiscal Quarter Results
Jabil's Promising Future: Key Insights from Fiscal Q1 Report Jabil (NYSE: JBL) is navigating through some industry challenges, but its latest fiscal Q1 report signals positive momentum. While there was a contraction in top-line revenue, the overall performance exceeded expectations on both the top and bottom lines, and guidance projections were raised above market...
Continue Reading
Exciting Partnerships Announced for The One 2025 Event
Exciting Partnerships Announced for The One 2025 Event Businesses join forces to inspire purpose, drive impact, and support a nonprofit mission. The One Experience™, Inc. proudly announces its lineup of sponsors and partners for The One 2025, the organization's flagship annual event. These organizations share a strong commitment to enhancing individual empowerment and...
Continue Reading
Gaby Natale to Inspire Leaders at National Business Conference
Gaby Natale Headlines National Business Leadership Conference Washington, D.C. is set to welcome the remarkable Gaby Natale, a triple Emmy Award-winning journalist and bestselling author. Known for her dynamic leadership speaking, Natale will take the stage as a featured guest at an acclaimed event celebrating its 20th anniversary. This year’s National Business...
Continue Reading
Cartera Marks Two Decades of Loyalty Excellence and Growth
Cartera Celebrates a Milestone in Loyalty Innovation Cartera, a leading loyalty commerce platform, proudly commemorates its 20th anniversary this year. From its humble beginnings as a startup in 2005, this company has evolved into a prominent name in the industry, generating over $14 billion in sales for its partners. Each year, Cartera facilitates the delivery of 3...
Continue Reading