Independent journal on economy and transport policy
18:22 GMT+1
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Cargotec announces the exit from the segment of heavy port cranes with Kalmar brand and puts MacGregor up for sale
These are activities that generate about 20% percent of the group's revenues
March 30, 2022
Without Cargotec putting it in black on white, this means the sale of its MacGregor brand that carries out means of handling and systems to be installed on offshore vessels and facilities, a business that has long been recording performance. unsatisfactory economic. If the decision to "evaluate the strategic options for MacGregor" announced by Cargotec on Wednesday was foreseeable, it was less likely to leave the heavy crane sector with a Kalmar-branded port, a sale that the Finnish group has said. announced to be part of the new strategy.
Cargotec explained that it will focus on the sustainability and growth of Hiab's main profitable businesses, brand of the group that mainly markets the equipment, systems and services for the handling of road loads, and on Kalmar Mobile Solutions, a division to which Cargotec will direct its Kalmar brand and which will be focused on mobile handling means, such as straddle and shuttle carrier, as well as on Bromma speaders.
Cargotec chief executive Mika Vehviläinen said the new strategy would allow the group to speed up investment in mergers and acquisitions as well as in research and development in the profitable business branches.
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