Cargotec Corporation
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| Traded as | Nasdaq Helsinki: CGCBV |
| Industry | Industrial machinery |
| Founded | 2005 |
| Headquarters | Helsinki, Uusimaa, Finland |
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Area served
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Worldwide |
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Key people
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| Products |
MacGregor: hatch covers, lashing systems, cargo handling cranes, RoRo equipment, winches and offshore load handling systems. Kalmar: automation and integration solutions for terminals, ship-to-shore and yard cranes, straddle and shuttle carriers, reachstackers, empty container handlers, terminal tractors and forklift trucks. TOS, spreaders and bulk handling systems. Hiab: loader cranes, forestry and recycling cranes, demountables, truck-mounted forklifts and tail lifts |
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| Profit |
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| Total assets |
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| Total equity |
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Number of employees
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11,055 (july 2017) |
| Website | www.cargotec.com |
€3.514 billion (2016)
€3.736 billion (2016)Cargotec Corporation (Finnish: Cargotec Oyj) is a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution. Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new KONE.
After the split, Kone Corporation’s container handling (Kalmar Industries AB), load handling (HIAB) and marine cargo handling (MacGregor) business units formed Cargotec. However, the businesses within Cargotec have much longer histories and have been formed through a series of mergers and acquisitions over several decades.
At the end of 2015, Cargotec had approximately 11,000 personnel working in over 100 countries.
Cargotec's major shareholders are the heirs of Pekka Herlin, who founded Kone Corporation. Current (since July 12, 2005) Chairman of the Cargotec's Board of Directors is Ilkka Herlin.
Kalmar products and services are used in ports, terminals, distribution centers and in the heavy industry. Kalmar products include forklifts, terminal tractors, quay cranes, yard cranes, ASCs, shuttle and straddle carriers, reachstackers and equipment for empty container handling. Lately, Kalmar has invested in terminal automation and in energy-efficient container handling.
Hiab products, service and spare parts are used in on-road transport and delivery. The product portfolio includes loader cranes, demountable, forestry cranes, recycling cranes, truck-mounted forklifts, and tail lifts.
MacGregor focuses on engineering solutions and services for handling marine cargos and offshore loads. MacGregor products are used in maritime transportation, offshore and naval logistics markets, in ports and terminals as well as on board ships.
A few years back, Cargotec prepared a separation and possible listing of MacGregor in Singapore. Due to market conditions and focusing on integration of major acquisitions, Cargotec's Board of Directors decided in October 2013 to delay the listing.
Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new KONE. After the split, Kone Corporation’s marine cargo handling (MacGregor), container handling (Kalmar Industries AB) and load handling (HIAB and Moffett, the latter being based in Ireland and acquired in 2000) business units formed Cargotec. However, the businesses within Cargotec have much longer histories and they have been formed through a series of mergers and acquisitions during several decades.
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Wikipedia