DLA Piper has advised MacGregor Hatlapa, part of the Cargotec Group, on the sale of its north German production division for complex components in the maritime fields. The buyer is the newly founded Uetersener Maschinenfabrik GmbH, a subsidiary of the Munich-based Navigator Group.

Following a professionally structured sales process over several months the asset purchase agreement was signed on 28 November 2016 and closed on 29 December 2016. The two parties involved have agreed not to disclose the purchase price.

MacGregor is a leading supplier of engineering solutions and services worldwide for builders, owners and operators of ships. It forms part of the Cargotec Group along with the brands Hatlapa, Porsgrunn, Pusnes and Triplex. In 2015 Cargotec Group had an overall turnover of some EUR 3.7 billion and it currently employs over 11,000 people.

The DLA Piper team, led by partner Dr Benjamin Parameswaran and senior associate Sebastian Decker (both Corporate, Hamburg), also comprised partners Dr Thilo von Bodungen (Commercial) and Dr Thomas Jansen (IPT, both Munich), counsels Cristina Villafrade (Corporate, Hamburg), Robert Hofbauer (Finance & Projects, Frankfurt) and  Dr Björn Enders (Tax, Frankfurt) as well as senior associates Dr Henriette Norda (Employment, Hamburg), Olga Blaszczyk (Commercial, Munich), Barbara Rybka (Real Estate, Munich) and Sandra Gaidies  (Finance & Projects, Frankfurt).