Hiab

(IN BRIEF) Hiab will open a new UK headquarters and customer service & installation centre in Wrexham, Wales, in 2027. The facility, part of a major investment, will expand Hiab’s capacity to serve the UK market by supporting a larger … Read the full press release →

(IN BRIEF) Hiab, part of Cargotec, has unveiled the MULTILIFT TALON, a cutting-edge container handling system designed to transform logistics for defence forces. The new system allows for automated transitions between Flatrack and ISO Container modes directly from the vehicle … Read the full press release →

(IN BRIEF) Hiab, a subsidiary of Cargotec, unveiled its latest sustainable load handling solutions at the Elmia Lastbil exhibition, the Nordic region’s largest transport event. Key highlights included the world premiere of the MULTILIFT eUltima, a hooklift designed for electric … Read the full press release →

(IN BRIEF) Hiab, part of Cargotec, has launched the MULTILIFT eULTIMA, the world’s first plug-and-play hooklift designed specifically for electric trucks. This innovative product integrates seamlessly with electric truck systems, offering silent operation and enhanced energy efficiency. The MULTILIFT eULTIMA … Read the full press release →

(IN BRIEF) Hiab, part of Cargotec, has launched the JONSERED iZ.18R HD recycling crane, targeting the 18 to 19 tm market segment. Equipped with the advanced SPACEevo control system and the Olsbergs Q200 valve, the crane is designed for high-frequency … Read the full press release →

(IN BRIEF) Cargotec Corporation’s demerger plan, approved on February 1, 2024, is set to split its Kalmar business area into a new entity, Kalmar Corporation. Shareholders will receive demerger consideration in the form of new shares in Kalmar. Cargotec has … Read the full press release →

(IN BRIEF) Cargotec Corporation has approved a demerger plan, separating the Kalmar business area into an independent listed company by June 30, 2024. Shareholders, representing a significant portion of Cargotec’s shares and votes, have expressed support for the demerger. Consequently, … Read the full press release →

(IN BRIEF) Hiab, a division of Cargotec, has announced a significant order worth EUR 7.3 million for WALTCO tail lifts in the US from a national discount retailer, booked in Cargotec’s Q1 2024 orders. The retailer, with numerous stores across … Read the full press release →

(IN BRIEF) Hiab, a part of Cargotec, introduces a new lineup of emission-free electric hybrid crane solutions, known as HIAB wspr, offering versatility and sustainability for various segments. These cranes, powered by both truck engines and electric power take-off (ePTO), … Read the full press release →

(IN BRIEF) Cargotec Corporation has commenced written procedures to solicit consents, waivers, and decisions to amend the terms and conditions of its senior unsecured notes due in 2025 and 2026. This action is in relation to the partial demerger of … Read the full press release →

(IN BRIEF) Hiab, a part of Cargotec, has received significant orders totaling EUR 35.8 million from two prominent US clients. A national home improvement chain has placed an order for MOFFETT truck-mounted forklifts valued at EUR 23.8 million, while a … Read the full press release →

(IN BRIEF) In a significant leadership change at Cargotec, Sami Niiranen has been appointed as the new President of Kalmar, effective by May 2024 at the latest. During this transition, Casimir Lindholm, Cargotec’s current President and CEO, will serve as … Read the full press release →

(IN BRIEF) Hiab, a division of Cargotec, has introduced two new MULTILIFT hooklifts, the MULTILIFT Ultima 28Z and MULTILIFT Ultima ZERO, designed with a focus on sustainability and reduced carbon emissions. The heavy-duty MULTILIFT Ultima 28Z offers a lifting capacity … Read the full press release →

(IN BRIEF) Cargotec Corporation has announced changes in its leadership team and board structure as part of the planned separation of its subsidiary, Kalmar, through a partial demerger. The Cargotec Board of Directors proposes Pekka Ala-Pietilä as the Chair of … Read the full press release →

(IN BRIEF) Cargotec Corporation has announced its decision to initiate a share repurchase program. The Board of Directors will exercise the authorization granted by the Annual General Meeting on March 23, 2023. Cargotec plans to repurchase 400,000 class B shares, … Read the full press release →

(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release →

(IN BRIEF) Hiab, a subsidiary of Cargotec, has launched HiSkill, a cost-effective training simulator designed to enhance the safety and efficiency of knuckle boom crane operations. HiSkill utilizes virtual reality (VR) technology to create a realistic and secure learning environment … Read the full press release →

(IN BRIEF) Hiab, a subsidiary of Cargotec, has signed a license manufacturing agreement with Dalian Shidao Industry to expand sales and service coverage of MULTILIFT hooklifts in mainland China. Dalian Shidao Industry will manufacture, sell, and service Hiab’s MULTILIFT hooklifts … Read the full press release →