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MacGregor completes acquisition of Rapp Marine

Apr 10, 2018 02:37 PM

(KAARINA, Finland) — MacGregor, part of Cargotec, has completed the acquisition of Rapp Marine Group (RMG) to strengthen its offering for the fishery and research vessel segment. MacGregor announced its decisiokn to acquire Rapp Marine in December 2017 for an enterprise value of approximately $19.7 million.

"With MacGregor's Triplex deck handling portfolio we already today have a very strong position in the fishery and research vessel segment, and the addition of Rapp Marine's team members and technologies further strengthens our position," said Hoye Hoyesen, vice president, Advanced Offshore Solutions, MacGregor. "We look forward to a smooth integration into MacGregor family to serve our existing and new customers with innovative and well-supported offerings."

"Our team is happy to join MacGregor. Customers can benefit from the wider portfolio of safe and efficient equipment from one provider to their specific vessels," said Terje Arnesen, who leads the fishery and research business within Advanced Offshore Solutions at MacGregor.

RMG employs about 120 people with main locations in Norway, the United States and United Kingdom.

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