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Cargotec as an investment

Why invest in Cargotec?

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Cargotec is a technology leader with strong market positions in all our business areas Kalmar, Hiab and MacGregor. We have leading brands in markets with long term growth potential. Several megatrends support our businesses.

Our strategy breakthrough objectives are sustainability and profitable growth. Our vision is to become the global leader in sustainable cargo flow.

M&A history

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.

2021–2019

Company name Announced Closed Transaction value Business area Sales Employees
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) -
Cargotec and Konecranes, merger 1 October 2020 - See the release Cargotec See the release See the release
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   -

2010-2007

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
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