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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 business areas, Kalmar, Hiab and MacGregor. We have leading brands in markets with long term growth potential and several megatrends, such as urbanisation and growing middle class, support our businesses.

Our aim is to transform from an equipment provider into a leader in intelligent cargo handling. We will achieve this by focusing on our four strategic must-win battles: customer centricity,  services, digitalisation and productivity.

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
Navis, divestment 6 February 2020 - 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   -

2018-2011

Company name Announced Closed Transaction value Business area Sales Employees
Effer, acquisition 31 July 2018 6 November 2018 EUR 50 million Hiab EUR 71 million in 2017 400 
Kalmar Rough Terrain Center (KRTC), divestment 3 July 2018 3 July 2018 Not disclosed Kalmar  Not disclosed  -
Siwertell AB, joint venture 9 May 2018 9 May 2018 Not disclosed  Kalmar  SEK 582 million in 2017  114

Marine and offshore business from TTS Group, acquisition

8 February 2018 31 July 2019 EUR 87 million MacGregor EUR 161 million in January-September 2017 Whole TTS 930
2017      
Inver Port Services, acquisition 21 December 2017 29 December 2017 Not disclosed Kalmar 5 MEUR in 2017 23
Rapp Marine Group, acquisition 21 December 2017 5 February 2018 EV 16 MEUR MacGregor 40 MEUR in 2017 120
Argos, acquisition 1 August 2017 4 October 2017 Not disclosed Hiab Under 10 MEUR in 2016 60
2016      
INTERSCHALT, acquisition 20 January 2016 2 March 2016 Not disclosed Kalmar and MacGregor 42 MEUR in 2014 Over 200
Flintstone, acquisition (51% share) 29 September 2016 22 September 2016 Not disclosed MacGregor Not disclosed 10 
2014    
Deep Water Solutions, acquisition  27 February 2014 27 February 2014 Not disclosed MacGregor Not disclosed
2013
Pusnes, acquisition 30 October 2013 EV 180 MEUR MacGregor 130 MEUR in 2012 370
Hatlapa Group, acquisition 16 July 2013 EV 160 MEUR MacGregor 120 MEUR in 2013 (estimate) 585
Mareiport, acquisition 7 May 2013 Not disclosed Kalmar 20 MEUR in 2012 250
2012     
Automation technology and expertise, , acquisition 29 June 2012 1 July 2012 Not disclosed Kalmar Not disclosed 23 
2011    
Component manufacturing in Estonia, divestment 30 November 2011 Not disclosed - Not disclosed 370 
Navis, acquisition 31 January 2011 140 MEUR Kalmar 55 MEUR in 2011 (estimate) Over 300
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