Aerial view of a storage containers before transport dock

EY and EY-Parthenon assisted Cargotec with divestment of MacGregor

Authors

  • Lasse Laurio

    Strategy and Transactions (SaT) Leader and Partner, Nordic Talent Leader, EY Finland

  • Risto Lummaa

    EY-Parthenon, Partner, Head of Transaction Strategy and Execution Services

  • Kalle Koskinen

    EY Finland, International Tax and Transaction Services, Partner

19 Nov 2024
Related topics
Strategy and Transactions

EY and EY-Parthenon are happy to have provided transaction advisory services to Cargotec in the sale of MacGregor.

How EY can help

On November 15, 2024, it was announced that Cargotec has signed an agreement to sell its MacGregor business area to Triton for an EV of €480m.

 

MacGregor is a leader in sustainable maritime cargo and load handling with a strong portfolio of products, services and solutions. In 2023 MacGregor recorded sales of EUR 733 million and a comparable operating profit of EUR 33 million.

 

EY and EY-Parthenon assisted Cargotec throughout the process with Financial, Carve-out and Tax Vendor due diligence, as well as tax structuring work.

 

More informaton can be found on Cargotec's press release.

 

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    Summary

    EY and EY-Parthenon assisted Cargotec with divestment of MacGregor, a leader in sustainable maritime cargo and load handling. Our services covered Financial, Carve-out and Tax Vendor due diligence, as well as tax structuring work. This marks a significant moment for Cargotec as it completes its transformation following the demerger of Kalmar earlier this year.

    About this article

    Authors

    • Lasse Laurio
      Strategy and Transactions (SaT) Leader and Partner, Nordic Talent Leader, EY Finland
    • Risto Lummaa
      EY-Parthenon, Partner, Head of Transaction Strategy and Execution Services
    • Kalle Koskinen
      EY Finland, International Tax and Transaction Services, Partner
    Related topics
    Strategy and Transactions

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.