CARGOTEC's MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent with a view to the acquisition of the marine and offshore businesses of TTS Group.
The document was signed in Beijing by CSSC chairman Lei Fanpei and MacGregor president Michel van Roozendaal.
MacGregor, now based in Singapore, sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market.
CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.
The planned acquisition is subject to regulatory approvals in China, Germany and South Korea, and MacGregor is expecting to receive these approvals by the end of 2018.
The mutual trust built between MacGregor and CSSC during the 30 years of partnership will be a solid foundation for the new chapter of strategic cooperation.
The document was signed in Beijing by CSSC chairman Lei Fanpei and MacGregor president Michel van Roozendaal.
MacGregor, now based in Singapore, sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market.
CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.
The planned acquisition is subject to regulatory approvals in China, Germany and South Korea, and MacGregor is expecting to receive these approvals by the end of 2018.
The mutual trust built between MacGregor and CSSC during the 30 years of partnership will be a solid foundation for the new chapter of strategic cooperation.