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 sector. MacGregor’s existing portfolio includes already various deck handling equipment, such as cranes and booms, but the acquisition of RMG is expected to allow MacGregor is able to offer complete packages with advanced winches and related control systems.
‘We are happy to join forces with MacGregor and be part of the company. The agreement will benefit the niche customer base, which will be now offered a wider portfolio of safe and efficient equipment from one provider to their specific vessels,’ said Rapp Marine CEO Terje Arnesen.
The value of the Rapp Marine acquisition is put at approximately €16 million.
‘MacGregor has a strategic interest in widening services for customers within fishery and research segment. Products needed for these demanding vessel types have to be safe, robust and reliable with a good after sales network,’ said MacGregor president Michel van Roozendaal
‘This is exactly what our combined offering is able to provide, be it fishery segment that operates in harsh conditions, or solutions needed for research vessels to handle sophisticated tools and equipment.’
MacGregor already owns the Triplex deck equipment range, so the addition of Rapp Marine to the company’s assets provides it with a commanding position on the fishing industry market.
‘With this investment as part of our growth strategy we are able to further strengthen our position,’ said Høye Høyesen, VP Advance Offshore Solutions at MacGregor.
RMG employs approximately 120 people with main locations in Norway, the USA and United Kingdom.
