TTS Group ASA
TTS Group ASA, operating through the MacGregor brand, designs and supplies maritime cargo handling and offshore load transfer equipment — including cranes, hatch covers, container stowage, and motion-compensated offshore systems — for ship owners, port operators, offshore energy companies, and naval customers worldwide.
- Company typePrivate
- Founded1966
- HeadquartersBergen, Norway
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What TTS Group ASA does
TTS Group ASA, headquartered in Bergen, Norway and founded in 1966, operates globally through the MacGregor brand as a designer, developer, and supplier of maritime cargo handling and offshore load transfer equipment. Its product portfolio spans four verticals: merchant shipping (cargo cranes, hatch covers, container stowage systems, deck machinery, steering gear, self-unloading systems such as GravityVibe, and RoRo solutions), offshore energy (AHC cranes, bow loading and offloading systems, offshore transfer gangways, the Colibri 3D motion compensated crane, and a transfer system for liquefied CO2), naval defense (naval access solutions), and port terminals (port cranes, electric gantry cranes such as MacPiler, and port access solutions). The portfolio is underpinned by proprietary engineering IP, particularly in active heave compensation and 3D motion compensated crane architectures, autonomous crane controls, and advanced container lashing technology, including the 2026-launched Balanced Lashing System.
The company monetises primarily through direct enterprise sales of capital equipment to ship owners, shipping companies, port operators, and offshore energy companies, with pricing not publicly disclosed. A meaningful share of revenue is recurring in nature, derived from global services, modernisation and upgrades, and spare parts supplied to the installed base. Go-to-market relies on direct enterprise engagement supported by corporate web properties (including localised China and Japan sites), trade events, and professional social channels such as LinkedIn.
Customer-facing segments are diversified across merchant, offshore, naval, and port end markets, although no specific customer logos or revenue mix by segment are disclosed in the source material. Management team, ownership structure, revenue, and detailed financial history are not available in the provided sources, representing a material data gap for investors. Headcount is reported in the 1,001–5,000 range, and the company is classified as for-profit with private status per the provided firmographic data.
TTS Group ASA firmographics
Firmographics- Name
- TTS Group ASA
- Website
- https://ttsgroup.com
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- TTS Group ASA, operating through the MacGregor brand, designs and supplies maritime cargo handling and offshore load transfer equipment — including cranes, hatch covers, container stowage, and motion-compensated offshore systems — for ship owners, port operators, offshore energy companies, and naval customers worldwide.
- Ownership category
- akta.pro rank
TTS Group ASA industry classification
Industry- Product category
- Maritime Cargo Handling Equipment
- NAICS
- Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923), Marine Cargo Handling (48832), Ship Building and Repairing (336611)
- SIC
- Construction, Mining & Materials Handling Machinery & Equip (3530), Ship & Boat Building & Repairing (3730), Miscellaneous Transportation Equipment (3790)
- akta.pro primary industry
- Cargo Handling & Lifting Equipment (Cranes, Derricks, Hoists) (IMAJAIAB)
- akta.pro secondary industries
- Hatch Covers, Ramps & Ro-Ro Access Systems (IMAJAIAC), Marine Terminals & Cargo Handling Infrastructure (RoRo, Bulk, Container) (IMAFAJAF)
Keywords
Where TTS Group ASA is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Markets served
TTS Group ASA business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Distribution channels1 record
Marketing channels4 records
TTS Group ASA product offering
Product offeringCore offering
TTS Group ASA, through its MacGregor brand, designs, manufactures and supplies integrated maritime cargo handling and offshore load transfer equipment. The portfolio spans cargo cranes (bulk, container, heavy lift, electric gantry, port, tanker, autonomous), hatch covers, container stowage systems (including the Balanced Lashing System), deck machinery, steering gear, self-unloading systems (GravityVibe), RoRo solutions, offshore AHC cranes, motion-compensated transfer systems (Colibri 3D, Horizon Gangway), bow loading and liquefied CO2 transfer systems, plus global service, modernisation and spare parts support.
Product overview
MacGregor operates as a comprehensive maritime cargo handling and offshore systems provider, offering an integrated portfolio across four main segments: Merchant (cargo cranes, hatch covers, container stowage systems, deck machinery, steering gear, self-unloading systems, and RoRo solutions), Offshore (AHC cranes, offshore loading systems, transfer systems for liquefied CO2, and the Colibri 3D motion compensated crane), Naval (naval access solutions), and Port (port access solutions). The product range spans from standard cargo handling equipment to advanced autonomous cranes and motion-compensated offshore systems. MacGregor also provides supporting services including global services, modernisation and upgrades, and spare parts. The company recently launched its Balanced Lashing System as a revolutionary innovation for container shipping safety and capacity.
Differentiator
Problem solved
Functional benefit
Products and services
- Cargo Cranes Comprehensive range of cargo cranes including bulk cranes, container and multipurpose cranes, heavy lift cranes, electric gantry cranes, port cranes, tanker cranes, and autonomous cranes, designed for commercial merchant vessels and port operators.
- Hatch Covers Ship hatch covers including folding, side-rolling, side-rolling/MacRack combined with container securing, and lift-away variants for various cargo vessel types.
- Container Stowage Systems
Companies that use TTS Group ASA
Customer profileSegments4 records
Ideal customer profiles4 records
TTS Group ASA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
TTS Group ASA partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
TTS Group ASA competitors and assessment
Company assessmentBroad incumbents
- Terex Port Solutions: Port of Terex focused on ship-to-shore and rubber-tyred gantry cranes for container terminals — directly comparable in port crane product category (overlap with MacPiler Electric Gantry Crane and port cranes).
- Cargotec: Finnish parent and historical owner of the MacGregor business (formerly TTS). As Cargotec divested/restructured MacGregor-related assets, the comparison remains relevant for portfolio context in marine cargo handling, load handling, and offshore solutions.
- PALFINGER: Austrian global leader in lifting solutions including marine cranes (PK and PMM series), davits, and access equipment — competes with TTS/MacGregor's marine cranes and naval/port access gangway solutions across similar merchant and offshore customer segments.
- Wärtsilä: Finnish marine technology group providing ship power, propulsion, and lifecycle services. Overlaps with MacGregor in merchant vessel outfitting, lifecycle services, and modernization programs for cruise/merchant/oil & gas vessels.
- ABB (Marine & Ports): Global industrial technology group with significant presence in marine electrical systems, propulsion, automation, and port automation — adjacent incumbent competing in autonomous cranes, port electrification, and integrated vessel systems.
Direct peers
- Huisman Equipment: Dutch manufacturer specializing in offshore cranes, subsea offshore equipment, and wind turbine installation tools — directly competes in AHC offshore cranes, motion-compensated offshore transfer systems, and offshore loading systems segments.
- Liebherr (Maritime Cranes): Family-owned diversified industrial group whose Maritime Crane division produces shipboard and offshore cranes (Liebherr TCC, BOS, and heavy-lift offshore series) that compete head-to-head with MacGregor cargo cranes, AHC cranes, and offshore load handling systems.
- Konecranes: Finland-based global leader in port cranes, ship-to-shore container cranes, and heavy lifting solutions — directly competes with TTS/MacGregor in merchant cargo cranes, port cranes, and bulk handling equipment for terminal operators globally.
Emerging players
- ZPMC (Shanghai Zhenhua Heavy Industries): Chinese state-backed world's largest manufacturer of port ship-to-shore container cranes and bulk port equipment — emerging competitor with significant scale advantage in newbuild port crane deliveries, particularly across Asia.
- SANY Heavy Industry (Marine): Major Chinese industrial machinery group that has expanded into port cranes, shipyard gantry cranes, and offshore equipment — emerging global competitor challenging traditional European marine crane OEMs on price in selected regions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
TTS Group ASA social profiles
Digital presenceTTS Group ASA financial estimates
Financial estimateRevenue estimate
Valuation estimate
TTS Group ASA leadership team
Management profileNumber of profiles
TTS Group ASA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TTS Group ASA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TTS Group ASA
What does TTS Group ASA do?
TTS Group ASA, through its MacGregor brand, designs, manufactures and supplies integrated maritime cargo handling and offshore load transfer equipment. The portfolio spans cargo cranes (bulk, container, heavy lift, electric gantry, port, tanker, autonomous), hatch covers, container stowage systems (including the Balanced Lashing System), deck machinery, steering gear, self-unloading systems (GravityVibe), RoRo solutions, offshore AHC cranes, motion-compensated transfer systems (Colibri 3D, Horizon Gangway), bow loading and liquefied CO2 transfer systems, plus global service, modernisation and spare parts support.
Is TTS Group ASA a public or private company?
TTS Group ASA is a private company. It is classified as unknown and is currently operating.
When was TTS Group ASA founded?
TTS Group ASA was founded in 1966. It employs 1,001 to 5,000 people.
Where is TTS Group ASA based?
TTS Group ASA is headquartered in Bergen, Norway, in the Europe region.
Who are TTS Group ASA's main competitors?
Broad incumbents on record are Terex Port Solutions, Cargotec, PALFINGER, Wärtsilä and ABB (Marine & Ports). Direct peers are Huisman Equipment, Liebherr (Maritime Cranes) and Konecranes. Emerging players are ZPMC (Shanghai Zhenhua Heavy Industries) and SANY Heavy Industry (Marine).
Does TTS Group ASA have an API?
No public API is recorded for TTS Group ASA.
What industry is TTS Group ASA in?
TTS Group ASA's product category is Maritime Cargo Handling Equipment. Its primary akta.pro industry code is IMAJAIAB, Cargo Handling & Lifting Equipment (Cranes, Derricks, Hoists), with a secondary code of IMAJAIAC, Hatch Covers, Ramps & Ro-Ro Access Systems. Its NAICS code is 333923 and its SIC code is 3530.