Cargotec and Nordic Investment Bank signed an eight-year loan agreement totalling €50 million this week to finance the acquisition of Aker Solution's mooring and loading systems unit.
The agreement, finalised in January this year, saw Cargotec, through its subsidiary Macgregor, pay €180 million for the unit, which provides mooring equipment, loading and offloading systems as well as a wide range of deck machinery for the global offshore and shipping markets.
Speaking in January MacGregor president Eric Nielsen said; “The addition of the mooring and loading systems’ team members, technologies and products further positions MacGregor as a true leader in the marine and offshore equipment market,” said.
“When combined with our other MacGregor products and the expertise of the recently acquired Hatlapa marine equipment business, we can now offer customers the most complete range of high performing equipment and systems.”
“With this acquisition now complete, we look forward to a quick and smooth integration into MacGregor family, with the clear goal of serving our existing and new customers with the most innovative and well supported offering.”
