Palfinger plans to acquire TTS Group

摘要

Hard on the heels of its acquisition of Norway based lifesaving equipment specialist Harding Group, Austria's Palfinger AG, has made a NOK 6oo (about $72 million) takeover bid for Bergen, Norway, based TTS Group AS. The TTS Group, headquartered in Bergen, provides design, development and supply of equipment and services solutions to the shipbuilding, marine and offshore oil and gas industries. The bid is being made via subsidiary Palfinger Marine GmbH. "Together with the acquisition of Harding, this acquisition would place Palfinger Marine among the global top three ship equipment suppliers," says Herbert Ortner, CEO of Palfinger AG.