AndhraNews.net
Home » Business News » 2014 » May » May 6, 2014

Cargotec and Nordic Investment Bank agree on EUR 50 million loan for financing the acquisition of Aker Solution's mooring and loading systems unit


May 6, 2014 - London

CARGOTEC CORPORATION, PRESS RELEASE, 6 MAY 2014 AT 11.30 EEST

Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totalling EUR 50 million for financing the acquisition of Aker Solution's mooring and loading systems unit finalised at the end of January 2014.
 
The mooring and loading systems unit provides mooring equipment, loading and offloading systems as well as a wide range of deck machinery for the global offshore and shipping markets. This acquisition is highly complementary with MacGregor's existing offshore offering, including the earlier announced acquisition of Hatlapa, and positions MacGregor as a leading player in the offshore equipment market.
 
 
For more information please contact:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Pekka Reijonen, Vice President, Treasury, tel. +358 20 777 4148
 
Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com
 
 
 

Image



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Oyj via Globenewswire

HUG#1782970

GlobeNewswire

Comment on this story

Share