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Why invest in Cargotec
Cargotec has refocused its strategy for higher financial performance. Cargotec will focus on sustainability and growth in profitable core businesses Hiab, Kalmar Mobile Solutions and Kalmar’s horizontal transportation business. Read more.
We are a technology leader with strong market positions in all our business areas. Several megatrends support our businesses, ensuring our future growth potential. Our strategy breakthrough objectives are sustainability and profitable growth.
Cargotec’s M&A strategy is focusing on bolt-on acquisitions. In Kalmar, the focus is on service footprint expansion and software offering. Hiab is focusing on expanding geographical presence and product offering, whereas MacGregor is looking for M&A opportunities on distressed assets and software as well as intelligent technology.
| Company name | Announced | Closed | Transaction value | Business area | Sales | Employees |
| Olsbergs, acquisition | 20 December 2022 | 1 January 2023 | Not disclosed | Hiab | Not disclosed | ~100 |
| Galfab, acquisition | 21 August 2021 | 4 September 2021 | Not disclosed | Hiab | Not disclosed | ~100 |
| Navis, divestment | 6 February 2020 | 1 July 2021 | See the release | Kalmar | EUR 107 million (2020) | - |
| Biarri Rail, acquisition | 19 February 2020 | - | Not disclosed | Kalmar (Navis) | Not disclosed | - |
| Jade Logistics, acquisition | 9 December 2019 | - | Not disclosed | Kalmar (Navis) | Not disclosed | - |
| Octopi, acquisition | 8 March 2019 | - | Not disclosed | Kalmar (Navis) | Not disclosed | - |
| Company name | Announced | Closed | Transaction value | Business Area | Sales | Employees |
| 2010 | ||||||
| Kalmar (Malaysia) Sdn.Bhd., Majority share | 15 December 2010 | Early January 2011 | Not disclosed | Kalmar | Approximately 12 MEUR per year | 125 |
| Hallberg-Ivarsson Hydraulik & Påbyggnad, acquisition | 15 November 2010 | 1 January 2011 | Not disclosed | Hiab | - | 2-3 part-time |
| Waltco Hydraulics, divestment | 7 January 2010 | - | Not disclosed | - | - | - |
| 2009 | ||||||
| Sales and service business in Morocco, acquisition | 11 December 2009 | - | Not disclosed | - | - | 44 |
| Danish sales and services company, acquisition | 19 August 2009 | - | Not disclosed | - | - | - |
| 2008 | ||||||
| 80% of CVS Technoports S.r.l. and CVS Service S.r.l., acquisition | 3 November 2008 | - | Not disclosed | - | 8 MEUR in 2007 | 65 |
| Equipos y Servicios para Terminales y Puertos SRL, acquisition | 11 August 2008 | - | Not disclosed | Kalmar | 1 MEUR in 2007 | 17 |
| Zepro Tailgate (1987) Ltd, acquisition | 17 June 2008 | - | Not disclosed | - | - | - |
| Platform Crane Services International Inc, acquisition | 10 April 2008 | - | - | MacGregor | 16 MUSD in 2007 | 105 |
| South African Bowman Cranes Ltd, acquisition | 1 April 2008 | July 2008 | Not disclosed | Hiab | - | - |
| DEL Equipment (UK) Limited and Ultron Lift Corp., acquisition | 27 February 2008 | March 2008 | Not disclosed | Hiab | 23 MEUR in 2007 | 164 |
| O’Leary’s Material Handling Services, acquisition | 20 February 2008 | - | Not disclosed | Hiab | 2.6 MEUR in 2007 | 24 |
| 2007 | ||||||
| Advanced Cargo Transhipment B.V. (ACT), acquisition | 28 August 2007 | August 2007 | Not disclosed | Kalmar | - | - |
| Bay Equipment Repairs Inc., acquisition | 13 August 2007 | July 2007 | Not disclosed | Hiab | 1 MEUR in 2006 | 13 |
| Balti ES, acquisition | 30 May 2007 | June 2007 | Not disclosed | - | 14 MEUR in 2006 | 600 |
| Vestnorsk Hydraulikkservice AS (VNH), acquisition | 14 May 2007 | June 2007 | Not disclosed | MacGregor | - | 21 |
| Kalmar Asia Pacific Ltd | 23 April 2007 | - | Not disclosed | - | - | - |
| Plimsoll Corporation Pte Ltd, acquisition | 28 March 2007 | April 2007 | Not disclosed | MacGregor | 43 MEUR in 2006 | 500 |
| Hydramarine AS, acquisition | 15 March 2007 | April 2007 | Not disclosed | MacGregor | 63 MEUR in 2006 | 150 |
| Vietnam Shipbuilding Industry Group, joint venture | 6 March 2007 | - | Not disclosed | MacGregor | - | - |
| Indital Construction Machinery Ltd. (Indital), acquisition | 14 April 2007 | April 2007 | Not disclosed | All business areas | 8 MEUR | 100 |
| Port Equipment Service, Inc., acquisition | 2 February 2007 | March 2007 | Not disclosed | Kalmar | 4 MEUR in 2006 | 56 |
| BG Crane Pty. Ltd., acquisition | 30 Januarý 2007 | March 2007 | Not disclosed | Hiab | - | - |
| Truck och Maskin i Örnsköldsvik AB, acquisition | 29 January 2007 | March 2007 | Not disclosed | Kalmar | 13 MEUR in 2006 | - |
| Berger, acquisition | 17 January 2007 | May 2007 | Not disclosed | Hiab | 15 MEUR | 85 |
| Tagros d.o.o., acquisition | 15 January 2007 | After signing | Not disclosed | Kalmar | 2 MEUR in 2006 | 35 |
