Our businesses:


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.

Operating environment

Business environment (from Cargotec's interim report January–March 2024, 30 April 2024)

The business environment in which Cargotec's businesses Hiab, Kalmar and MacGregor operate is complex, stemming from high interest rates and inflation, growing geopolitical tensions, and sluggish growth estimates. However, many of our customers and partners are performing well.

According to the International Monetary Fund's (IMF) world economic outlook published in April 2024, the global economy is projected to grow by 3.2 percent in 2024 and by 3.2 percent in 2025. In the IMF’s advanced economies group (a group of countries which includes several key markets for Hiab and Kalmar, such as the United States, the United Kingdom and Germany), the IMF estimates a 1.7 percent growth in 2024 and a 1.8 percent growth in 2025. The report notes that the pace of global growth is low by historical standards, owing to both near-term factors, such as still high borrowing costs and withdrawal of fiscal support, and longer-term effects from the COVID-19 pandemic and Russia’s invasion of Ukraine; weak growth in productivity; and increasing geo-economic fragmentation.1

Kalmar’s demand is also impacted by the number of containers handled at ports globally, which is estimated to have increased by 5.9 percent during the first quarter and increase by 2.5 percent in 2024.2

The demand for MacGregor’s solutions is impacted by the level of merchant ship and offshore newbuilding contracting at shipyards. By the end of the first quarter, the new ship orders amounted to 353 (Q1/2023: 241). In 2024, the number of new vessel orders is projected to be 1,879 (2023: 1,943).3 In the merchant segment, the newbuilding demand is turning towards tankers and gas carriers while the container ship and car carrier ordering is slowing down. In offshore, the wind energy is still driving the demand. Environmental regulations and ageing fleets increase demand for services and upgrades.

1) International Monetary Fund: World Economic Outlook, April 2024
2) Drewry Container Forecaster, March 2024
3) Clarkson Research, April 2024

Customers and competitors

Cargotec is determined to grow its business through strong customer focus. We offer products, integrated solutions and services designed to meet customers’ specific needs. Our customers include leading global and local players within their industries.

Main customers by business areas


Distribution centres
Various industries


Transportation companies
Fleet operators
Single truck owners
Rental companies
Truck manufacturers
Municipalities and governments
Defence forces


Ship owners
Ship and terminal operators
Design offices and ship yards in offshore and merchant sector
Ports and navies


​Cargotec is a leading player in all of its business areas. Below you can find a table of the competitors of Cargotec's business areas.

Global main competitors




Other competitors

Terberg Benschop
Mitsui E&S
REV Group: Capacity
RAM Spreaders

Terberg Kinglifter

Navalimpianti Group
Mitsubishi Heavy Industries
German Lashing
SEC Bremen
IHI Corporation

  Kalmar Hiab MacGregor
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