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Why invest in Cargotec
On 27 April 2023, Cargotec's Bopard of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. On 30 May 2024, Cargotec's Annual General Meeting resolved on the partial demerger of Cargotec Corporation in accordance with the demerger plan. On 30 June 2024, the completion of the partial demerger of Cargotec Corporation was registered with the Finnish Trade Register. Read more
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 | 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 |
| 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 |
