MacGregor Group has been acquired by KONE Corporation

IK Investment Partners and all the shareholders have sold MacGregor Group to KONE Corporation for US$247 million.

MacGregor Group is the global market leader in marine cargo flow solutions and service for shipowners, ship operators and shipyards. The group's products include hatch covers, cranes, RoRo equipment and shipboard elevators, among others.

Founded in 1910 and headquartered in Finland, KONE Corporation is an international leader in the elevator and escalator business. The company operates in more than 60 countries around the world, serving more than 450,000 customers. Headquartered in Helsinki, Finland, the firm has eight global R&D centers and seven global productions sites, as well as a worldwide network of authorized distributors.

IK Investment Partners is a European private equity advisory group operating across northern continental Europe. Focused on investing in companies with strong underlying potential, the firm supports the IK Funds as they partner with management teams and investors to grow businesses, improve performance and create sustainable value for its stakeholders.

Oaklins' team in Finland acted as an advisor to the seller jointly with Citybank.