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

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

Source: Cargotec