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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 |
| Effer, acquisition | 31 July 2018 | 6 November 2018 | EUR 50 million | Hiab | EUR 71 million in 2017 | 400Â |
| 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 |
| 2017Â Â Â Â Â Â | ||||||
| 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 | 1Â August 2017 | 4 October 2017 | Not disclosed | Hiab | Under 10 MEUR in 2016 | 60 |
| 2016Â Â Â Â Â Â | ||||||
| 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 | 10Â |
| 2014Â Â Â | ||||||
| Deep Water Solutions, acquisition | Â 27 February 2014 | 27 February 2014 | Not disclosed | MacGregor | Not disclosed | -Â |
| 2013 | ||||||
| Pusnes, acquisition | 30 October 2013 | -Â | EV 180 MEUR | MacGregor | 130 MEUR in 2012 | 370 |
| Hatlapa Group, acquisition | 16 July 2013 | -Â | EV 160 MEUR | MacGregor | 120 MEUR in 2013 (estimate) | 585 |
| Mareiport, acquisition | 7 May 2013 | -Â | Not disclosed | Kalmar | 20 MEUR in 2012 | 250 |
| 2012Â Â Â | ||||||
| Automation technology and expertise, , acquisition | 29 June 2012 | 1 July 2012 | Not disclosed | Kalmar | Not disclosed | 23Â |
| 2011Â Â Â | ||||||
| Component manufacturing in Estonia, divestment | 30 November 2011 | -Â | Not disclosed | - | Not disclosed | 370Â |
| Navis, acquisition | 31 January 2011 | -Â | 140 MEUR | Kalmar | 55 MEUR in 2011 (estimate) | Over 300 |
