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Cargotec as an investment

Why invest in Cargotec

In April 2023 Cargotec's Board of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. Cargotec’s intention would be to separate Kalmar as a new listed company by means of a partial demerger from Cargotec. In February 2024, Cargotec's Board approved a demerger plan concerning the separation of Kalmar into a new listed company. More information.

M&A history

Read about Cargotec M&A activities from this section.

 

Company name Announced Closed Transaction value Business area Sales Employees
Kalmar, demerger 27 April 2023 30 June 2024 (estimate) More information
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

 

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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