menu
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 |
| 2010 | ||||||
| Kalmar (Malaysia) Sdn.Bhd., Majority share | 15 December 2010 | Early January 2011 | Not disclosed | Kalmar | Approximately 12 MEUR per year | 125 |
| Hallberg-Ivarsson Hydraulik & Påbyggnad, acquisition | 15 November 2010 | 1 January 2011 | Not disclosed | Hiab | - | 2-3 part-time |
| Waltco Hydraulics, divestment | 7 January 2010 | - | Not disclosed | - | - | - |
| 2009 | ||||||
| Sales and service business in Morocco, acquisition | 11 December 2009 | - | Not disclosed | - | - | 44 |
| Danish sales and services company, acquisition | 19 August 2009 | - | Not disclosed | - | - | - |
| 2008 | ||||||
| 80% of CVS Technoports S.r.l. and CVS Service S.r.l., acquisition | 3 November 2008 | - | Not disclosed | - | 8 MEUR in 2007 | 65 |
| Equipos y Servicios para Terminales y Puertos SRL, acquisition | 11 August 2008 | - | Not disclosed | Kalmar | 1 MEUR in 2007 | 17 |
| Zepro Tailgate (1987) Ltd, acquisition | 17 June 2008 | - | Not disclosed | - | - | - |
| Platform Crane Services International Inc, acquisition | 10 April 2008 | - | - | MacGregor | 16 MUSD in 2007 | 105 |
| South African Bowman Cranes Ltd, acquisition | 1 April 2008 | July 2008 | Not disclosed | Hiab | - | - |
| DEL Equipment (UK) Limited and Ultron Lift Corp., acquisition | 27 February 2008 | March 2008 | Not disclosed | Hiab | 23 MEUR in 2007 | 164 |
| O’Leary’s Material Handling Services, acquisition | 20 February 2008 | - | Not disclosed | Hiab | 2.6 MEUR in 2007 | 24 |
| 2007 | ||||||
| Advanced Cargo Transhipment B.V. (ACT), acquisition | 28 August 2007 | August 2007 | Not disclosed | Kalmar | - | - |
| Bay Equipment Repairs Inc., acquisition | 13 August 2007 | July 2007 | Not disclosed | Hiab | 1 MEUR in 2006 | 13 |
| Balti ES, acquisition | 30 May 2007 | June 2007 | Not disclosed | - | 14 MEUR in 2006 | 600 |
| Vestnorsk Hydraulikkservice AS (VNH), acquisition | 14 May 2007 | June 2007 | Not disclosed | MacGregor | - | 21 |
| Kalmar Asia Pacific Ltd | 23 April 2007 | - | Not disclosed | - | - | - |
| Plimsoll Corporation Pte Ltd, acquisition | 28 March 2007 | April 2007 | Not disclosed | MacGregor | 43 MEUR in 2006 | 500 |
| Hydramarine AS, acquisition | 15 March 2007 | April 2007 | Not disclosed | MacGregor | 63 MEUR in 2006 | 150 |
| Vietnam Shipbuilding Industry Group, joint venture | 6 March 2007 | - | Not disclosed | MacGregor | - | - |
| Indital Construction Machinery Ltd. (Indital), acquisition | 14 April 2007 | April 2007 | Not disclosed | All business areas | 8 MEUR | 100 |
| Port Equipment Service, Inc., acquisition | 2 February 2007 | March 2007 | Not disclosed | Kalmar | 4 MEUR in 2006 | 56 |
| BG Crane Pty. Ltd., acquisition | 30 Januarý 2007 | March 2007 | Not disclosed | Hiab | - | - |
| Truck och Maskin i Örnsköldsvik AB, acquisition | 29 January 2007 | March 2007 | Not disclosed | Kalmar | 13 MEUR in 2006 | - |
| Berger, acquisition | 17 January 2007 | May 2007 | Not disclosed | Hiab | 15 MEUR | 85 |
| Tagros d.o.o., acquisition | 15 January 2007 | After signing | Not disclosed | Kalmar | 2 MEUR in 2006 | 35 |
