Hiab agrees to sell MacGregor

Hiab (at the time Cargotec) announced on 14 November, 2024, that it had signed an agreement to sell its MacGregor business to funds managed by Triton (the “Transaction”).

On July 1, 2025, Hiab announced that all necessary regulatory approvals had been received, with the exception of approval from the Chinese State Administration for Market Regulation (SAMR).

All regulatory approvals have now been secured, and the closing of the Transaction is expected on 31 July 2025.

MacGregor has been reported as part of discontinued operations from the fourth quarter of 2024 onwards.