(IN BRIEF) Hiab Corporation has agreed to acquire Labrie Environmental Group, a leading North American refuse collection vehicle manufacturer, from Wynnchurch Capital and management minority shareholders for USD 1.035 billion on a cash and debt-free basis. The deal significantly strengthens … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Infrastructure & Utilities, Investment, Management, Marketing, Technology, Transportation & Logistics
Tagged acquisition, aftermarket parts and services, CANADA, cash generation, comparable EBITDA, conference call, Danske Bank A/S, dealer network, enterprise value, EUR 890 million, Hiab, Hiab Corporation, Hiab Enters Agreement to Acquire Labrie Environmental Group and Build New North American Growth Platform, Hiab Expands Refuse Collection Vehicle Capabilities Through USD 1.035 Billion Labrie Acquisition, Hiab Targets Growth in Waste and Recycling Sector with Acquisition of North American Market Leader Labrie Environmental Group, inorganic growth strategy, Labrie, Labrie Environmental Group, LabriePlus, Leach, Lévis, manufacturing sites, Mexico, Michael Eastabrook, Mikko Puolakka, Morgan Stanley & Co. International plc, Nasdaq Helsinki, North America, on-road load handling solutions, OP Corporate Bank, press conference, procurement synergies, Québec, RCV manufacturer, refuse collection vehicles, sales growth, sales synergies, Scott Phillips, side loader market, Sidley Austin LLP, smart and sustainable solutions, United States, USD 1.035 billion, waste and recycling, Wittke, Wynnchurch Capital
(IN BRIEF) Hiab has finalized its acquisition of Brazilian crane manufacturer ING Cranes, expanding its presence and strengthening its loader crane portfolio in Brazil. The acquired business, which reported sales of around EUR 50 million in 2024, will be included … Read the full press release
Posted in Business, Finland, Industrial, Investment, Management, News, Transportation & Logistics
Tagged acquisition completion, agriculture equipment, Brazil market expansion, construction equipment, global load handling solutions, heavy-duty cranes, Hiab, Hiab Expands Presence in Brazil Through Strategic Acquisition of ING Cranes, Horacio Bregoli, ING Cranes, light duty cranes, loader cranes, Marcel Boxem, Nasdaq Helsinki, rental industry, transportation solutions
(IN BRIEF) Hiab has signed an agreement to acquire Brazilian crane manufacturer ING Cranes, a deal that significantly reinforces its presence in the Brazilian loader crane market. ING Cranes, founded in 2010 and generating about EUR 50 million in 2024 … Read the full press release
Posted in Business, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged 2026 expected closing, acquisition, Acquisition of ING Cranes positions Hiab to lead Brazil’s loader crane segment, agriculture construction transport rental sectors, Brazil loader crane market, Crane manufacturer, heavy-duty cranes, Hiab, ING Cranes, Marcel Boxem, Scott Phillips, South America expansion, undisclosed transaction value
(IN BRIEF) Hiab and Forterra have entered a strategic partnership to accelerate the adoption of autonomous technologies in trucking and load handling. By integrating Hiab’s robotics-driven equipment such as cranes, hooklifts, and container systems with Forterra’s AutoDrive® platform—already deployed widely … Read the full press release
Posted in Business, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged AI, AutoDrive, automated load handling, autonomous trucking, container handling, cranes, defense logistics, Driver Support, Forterra, Gabe Sganga, Hermanni Lyyski, Hiab, Hiab and Forterra announce partnership to drive new era of automation in logistics and load handling, hooklifts, industrial automation, MULTILIFT TALON, robotics, sustainable logistics
(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
Posted in Business, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged 2027, customer service centre, customer training, equipment testing, Hiab, HIAB cranes, installation centre, investment, Jason Stokes, Load Handling Solutions, MULTILIFT demountables, service excellence, smart logistics, sustainability certification, truck-mounted forklifts, UK facility, UK headquarters, Wales, workforce expansion, Wrexham
(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
Posted in Business, Defence, Financial, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged automation, Cargotec, Defence Logistics, Frank van Dongen, Hiab, MULTILIFT TALON
(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) 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
Posted in Business, Financial, Finland, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, Hiab, James Peck, partnership, US retailer, WALTCO Tail Lifts
(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
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged Cargotec, emission-free, Hiab, HIAB wspr, Hybrid Crane, Mattias Berglund, partnership, sustainability
(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) 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 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
Posted in Automotive, Business, Finland, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Cargotec, Hiab, HiSkill, Knuckle Boom Crane Operations, Maria Lindroos, Virtual Reality
(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
(PRESS RELEASE) HELSINKI, 9-Jan-2023 — /EuropaWire/ — Cargotec Corporation (HEL: CGCBV), a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution, has announced that its subsidiary Hiab, a leading provider of smart and sustainable load handling … Read the full press release
Posted in Business, Finland, Industrial, Retail, Technology, Transportation & Logistics
Tagged Cargotec, distribution centers, heavy duty, Hiab, liftgates, Martin Saint, retail stores, Tail Lifts, US retailer, vehicle fleet, WALTCO
(COMUNICADO DE PRENSA) HELSINKI, 9-Jan-2023 — /EuropaWire/ — Cargotec Corporation (HEL: CGCBV), una empresa finlandesa que fabrica maquinaria de manipulación de carga para barcos, puertos, terminales y distribución local, ha anunciado que su filial Hiab, un proveedor líder de soluciones … Read the full press release
(PRESS RELEASE) HELSINKI, 7-Sep-2022 — /EuropaWire/ — Cargotec Corporation (HEL: CGCBV), a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution, has announced that its subsidiary Hiab, a leading provider of smart and sustainable load handling … Read the full press release
Posted in Business, Finland, Industrial, Infrastructure & Utilities, Technology, Transportation & Logistics
Tagged Cargotec, Hiab, HIAB iX.122 RAIL, HIAB iX.142 RAIL, HIAB iX.162 RAIL, HIAB iX.192 RAIL, HIAB iX.232 RAIL, HIAB iX.262 RAIL, HIAB iX.2758 RAIL, HIAB iX.302 RAIL, HIAB railway loader crane, IAA, loader cranes, Marcel Boxem, rail, railway, railway infrastructure, railway loader crane, SPACEevo
(PRESSEMITTEILUNG) HELSINKI, 7-Sep-2022 — /EuropaWire/ — Cargotec Corporation (HEL: CGCBV), ein finnisches Unternehmen, das Frachtabfertigung herstellt Maschinen für Schiffe, Häfen, Terminals und den lokalen Vertrieb, hat bekannt gegeben, dass seine Tochtergesellschaft Hiab, ein führender Anbieter von intelligenten und nachhaltigen Lastumschlaglösungen, … Read the full press release
Posted in Business, Finland, Industrial, Infrastructure & Utilities, Technology, Transportation & Logistics
Tagged Bahn, Bahninfrastruktur, Bahnladekran, Cargotec, Hiab, HIAB Bahnladekran, HIAB iX .162 SCHIENE, HIAB iX.122 RAIL, HIAB iX.142 RAIL, HIAB iX.192 SCHIENE, HIAB iX.232 SCHIENE, HIAB iX.262 SCHIENE, HIAB iX.2758 SCHIENE, HIAB iX.302 SCHIENE, IAA, Ladekrane, Marcel Boxem, SCHIENE, SPACEevo
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