MacGregor completes acquisition of Rapp Marine
Published by Joseph Green,
Editor
LNG Industry,
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 the acquisition of Rapp Marine in December 2017 for a value of approximately €16 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," states Høye Høyesen, 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 offering," Høye Høyesen continues.
"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," says 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 USA and UK.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06022018/macgregor-completes-acquisition-of-rapp-marine/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.