After the transaction, Cargotec’s ownership in the company will increase from 75 percent to 100 percent. The transaction is expected to close during the second quarter 2010. The parties have agreed not to disclose the transaction value.

Pasi Lehtonen, senior vice president of finance for marine at Cargotec, said: “This is an interesting opportunity for Cargotec to increase our ownership to 100 percent.

“Building on the existing long-term relationship with the customers, Cargotec is ideally positioned to grow MacGregor-Kayaba’s business and better serve customer demand for high-quality products for maritime transportation and offshore industries in the Japanese market.”

Will the acquisition benefit Cargotec?

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