Cargotec acquires Hatlapa Group

Hatlapa's main products include a wide range of winches, steering gears, compressors, multi-deck-handler cranes, and other winch-related handling equipment. The company's service business includes spare parts, maintenance, refurbishment and training. By acquiring Hatlapa, Cargotec said it would strengthen MacGregor's portfolio and market position.
Hatlapa was founded in 1919 and has 585 employees of which the majority is located in Germany, Norway and Asia. Its sales are expected to be around EUR 120 million in 2013.
Hatlapa will be fully integrated into MacGregor operating structure and will continue its business as a new business line within MacGregor. Hatlapa's reporting will be consolidated into MacGregor's financial reporting once the transaction has been completed. The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received during the second half of 2013.