TTS Group ASA

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.

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

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

• Maritime cargo handling
• Offshore load transfer
• Container stowage systems
• Marine deck machinery
• Port access equipment

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Markets served

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

Core 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

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Recent moves6 records

Expansion highlights5 records

Broad 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

• LinkedInlinkedin.com/company/tts-group-asa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TTS Group ASA