Hiab, formerly part of Cargotec, has officially completed the sale of its MacGregor business to investment funds managed by Triton. The transaction, originally announced on 14 November 2024, has now closed following the receipt of all required regulatory approvals.
Initially, Hiab had anticipated closing the transaction by 1 July 2025. However, while approvals from various jurisdictions—including the European Union—had been obtained by that date, clearance from the Chinese State Administration for Market Regulation (SAMR) was still pending. As a result, the expected closing date was postponed to 1 October 2025.
On 10 July 2025, Hiab confirmed that all regulatory approvals had been secured, paving the way for the final steps of the deal. As of 31 July 2025, the agreed purchase price has been transferred, and Triton has taken full control of MacGregor’s operations.
