COMMISSION FOR THE PROTECTION OF COMPETITION

The Service of the Commission for the Protection of Competition received on behalf of Cargotec Norway AS and MacGregor Netherlands Holding BV a notification of a proposed concentration according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the acquisition of Hatlapa group of companies through the acquisition of all partnership interests in HATLAPA Uetersener Maschinenfabrik GmbH & Co. KG (hereinafter «HUM») and 100% of the votes and shares in companies HATLAPA Marine Holdings AS (hereinafter «HAM»), HATLAPA Asia Pacific Pte. Ltd (hereinafter «HAP») and ISMS Holding Ltd (hereinafter «ISMS»), by Cargotec group of companies through its indirectly wholly subsidiaries MacGregor Netherlands Holding BV and Cargotec Norway AS.

MacGregor Netherlands Holding BV and Cargotec Norway A / S are members of the Cargotec group of companies, operating in the field of technology goods and related services. These companies offer cargo handling equipment and deck and cargo flow solutions for the maritime and offshore industries. MacGregor Netherlands Holding BV operates in Cyprus by providing services and supplying spare parts to Cypriot ship-owners. Cargotec Norway A / S provides mainly aftermarket and replacement parts for its own products.

Hatlapa group of companies operates in the shipping equipment sector, manufacturing products for the shipbuilding and the offshore industry. The activities of this group in Cyprus focus on services / parts sold to ship-owners.