In its Hiab crane business, Cargotec has decided to focus on on-road cranes (cranes assembled on trucks). The off-road and stationary crane business transferred to Mesera can continue under the mesera-loglift brand for a certain period. Hiab will continue to sell on-road cranes under the product names Loglift and Jonsered forestry and recycling cranes. The transfer agreement includes also stationary mounted off-road crane models. Mesera has been supplying Cargotec with key components for cranes and, since the beginning of September 2009, assembled off-road and stationary cranes. The parties have agreed that Cargotec will continue to arrange spare parts supply.
Cargotec improves the efficiency of cargo flows by offering solutions for the loading and unloading of goods on land and at sea – wherever cargo is on the move. Cargotec’s main daughter brands for cargo handling Hiab, Kalmar and MacGregor are global market leaders in their fields. Cargotec’s global network offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec’s sales totalled EUR 3.4 billion in 2008 and it employs approximately 11,000 people. Cargotec’s class B shares are quoted on the NASDAQ OMX Helsinki.Back to transactions