MacGregor
In November 2022, Cargotec’s Board of Directors had decided that MacGregor would not be part of Cargotec’s portfolio in the future. In April 2023, the Board initiated planning the separation of Hiab and Kalmar.
The separation of Kalmar into a standalone listed company through a partial demerger of Cargotec was registered in the Finnish Trade Register on 30 June 2024.
In November, Cargotec announced the signing of an agreement to sell the MacGregor business area to funds managed by Triton. The closing of the transaction is expected to occur by 1 July 2025 at the latest.
As the agreement to sell MacGregor has been signed, Cargotec’s Board of Directors is proposing to Cargotec’s General Meeting of shareholders, held on 26 March 2025, that the company’s name be changed from Cargotec to Hiab. The Board of Directors would then appoint the President of the Hiab business, Scott Phillips, as the President and CEO of the renamed company.
Information about MacGregor is available from their website www.macgregor.com.
