M&A Deal Summary

Hiab Acquires MacGregor

On January 12, 2004, Hiab acquired marine company MacGregor from IK Partners for 186M EUR

Acquisition Highlights
  • This is Hiab’s 1st transaction in the Marine sector.
  • This is Hiab’s 0th largest (disclosed) transaction.
  • This is Hiab’s 1st transaction in Finland.
Investment Fate
  • MacGregor was divested to a consortium of buyers in 2024.

M&A Deal Summary

Date 2004-01-12
Target MacGregor
Sector Marine
Buyer(s) Hiab
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 186M EUR

Target

MacGregor

Helsinki, Finland
MacGregor provides marine cargo flow engineering solutions and services for ship-owners, shipyards and ship operators. Products include hatch covers, cranes, RoRo equipment, shipboard elevators and escalators, galleys, cargo securing systems and refrigerated cargo handling systems. MacGregor is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Hiab

Helsinki, Finland

Category Company
Founded 2005
Sector Machinery
Employees6,109
Revenue 1.6B EUR (2024)
DESCRIPTION

Hiab is a provider of cargo and load-handling solutions. The Company's solutions assist with loading and unloading of goods, marine cargo handling, load handling, container and heavy material handling, and offshore load handling. Hiab was founded in 2005 and is based in Helsinki, Finland.


DEAL STATS #
Overall 1 of 2
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-21 Navis

Oakland, California, United States

Navis provides enterprise software solutions for the maritime transportation and logistics industry. Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Navis was founded in 1988 and is based in Oakland, California.

Buy $190M

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 23 of 122
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 44
Country: Finland M&A 5 of 9
Year: 2004 M&A 1 of 5
Size (of disclosed) 15 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-30 CEVA

Libourne, France

CEVA is a veterinary health company focused on the research, development, production and marketing of pharmaceutical products and vaccines for pets, livestock, swine, and poultry. CEVA was founded in 1999 and is based in Libourne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-18 Nobia

Stockholm, Sweden

Nobia is a manufacturer and retailer of kitchen interior products in Europe. The company sells its products directly to consumers and to the construction industry under some 20 different brands such as Marbodal, HTH, Novart, Norema, Poggenpohl, and Magnet. Nobia was formed in 1996 and is based in Stockholm, Sweden.

Sell -