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Why invest in Cargotec
On 27 April 2023, the Board of Directors of Cargotec decided to investigate and initiate a process to separate Cargotec's 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 26 June 2024, the Board decided to notify the Finnish Trade Register of the completion of the partial demerger of Cargotec so that the completion of the demerger would be registered on 30 June 2024. More information.
Hiab's research and product development expenditure in the first quarter totalled EUR 9 (7) million, representing 2 (2) percent of sales. In research and development, Hiab focused on solutions supporting climate targets such as digitalisation, electrification, and automation as well as projects that aim to improve the competitiveness and cost efficiency of products.
During the first quarter, Hiab launched HIAB wspr, a portfolio of emission-free and quiet electric hybrid crane solutions able to operate using power from both the truck engine and a separate electric power take-off (ePTO). The battery pack for two of three new models in the third-generation ePTO portfolio from Hiab is integrated on the crane base for easier installation and a more compact size. When using electric power, it is near silent. It also provides the flexibility to operate in low- or no-emission zones, or late at night, thereby increasing business opportunities for Hiab's customers.
MacGregor's research and product development expenditure in the first quarter totalled EUR 2 (3) million, representing 1 (2) percent of sales. In research and development, MacGregor focused on solutions supporting climate targets such as digitalisation, electrification and automatisation, as well as projects that aim to improve the competitiveness and cost efficiency of products.
During the first quarter, MacGregor launched a self-unloader vibration feeder, “GravityVibeTM”, which is a new and augmented gravity self-unloading system that will allow bulk carriers to deliver a wider variety of cargo, in greater volume. Equipped with a patent-pending vibrating unloader, the new system minimises internal friction, facilitating the discharge of coarse materials, like wood chips from the cargo hold.
