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Trade press release

Lift-away hatch cover handling innovation uses electric drive

14/08/2006

MacGREGOR to acquire ship hydraulics service company Grampian Hydraulics

MacGREGOR has signed an agreement to acquire the business of Scottish company Grampian Hydraulics, which specialises in hydraulics and spare part service of offshore support vessels in the North Sea.Acquisition of Scottish ship hydraulics service company Grampian Hydraulics is in line with MacGREGOR intention to further develop and expand its service business. "Grampian Hydraulics gives us a strong base to expand our offering into North Sea offshore support vessels to current and new customers through our service network, said Kent Glasberg, General Manager for MacGREGOR Service Division. The high oil price has increased offshore activity and demand for support vessel services".

Grampian Hydraulics specialises in hydraulics and spare part service of offshore support vessels in the North Sea. It has a leading market position in the Aberdeen area. Grampian Hydraulics is a family owned company employing some 30 people. Year 2006 net sales are estimated to total about EUR 4.0 million.

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For further information please contact:
Steve Goodchild, General Manager, MacGREGOR (GBR) Ltd.
Tel: +44 191 295 2168 Fax: + 44 191 295 2188
E-mail: steve.goodchild@macgregor-group.com

or

MacGREGOR Group press office:
Mr Steve Labdon, MacGREGOR Group Media Representative
Tel: +44 (0)20 8364 1441 Fax: +44 (0)20 8364 1331
E-mail: steve.labdon@j-l-a.com