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Cargotec Holding Inc history
Cargotec Holding Inc company history timeline
Cargotec Corporation was formed in June 2005 when Kone Corporation demerged into two companies to be listed, Cargotec and KONE. However, the history of Cargotec did not start that year but over 100 years ago when Kalmar, one of Cargotec’s three business areas, started its operations.
2007 was a record year for Cargotec in a form of acquisitions, as as much as 14 acquisitions were completed.
In January 2008, Cargotec launched a global change programme called “On the Move” with three targets: to increase internal efficiency, enhance customer focus and facilitate growth.
One of the most important projects of 2009 was starting the construction on a new plant in Stargard Szczeciński, Poland.
Cargotec announced the acquisition of terminal operating system (TOS) provider Navis from Zebra Technologies Corporation on 31 January 2011.
To strengthen presence in China, on 18 May 2012 Cargotec established a joint venture Rainbow-Cargotec Industries Co Ltd (RCI) with Jiangsu Rainbow Heavy Industries Co.
Cargotec’s Board of Directors in its meeting on 27 January 2013 appointed Mika Vehviläinen as Cargotec’s new President and CEO. At the time of the appointment, Mika Vehviläinen was CEO of Finnair Plc., and previously he had held senior leadership positions at Nokia Siemens Networks and Nokia.
Cargotec opened a new Technology and Competence Centre in Tampere on 21 May 2013.
On 31 October 2013, Cargotec announced its MacGregor business had completed the acquisition of privately owned Hatlapa, a leading provider of merchant ships and offshore deck equipment.
A joint venture of Sinotruk was established in November 2013 between Hiab and China National Heavy Truck Group Co., Ltd.
On 2 March 2016 a leading maritime software company INTERSCHALT, was acquired.
Cargotec launched the Offering for eco-efficiency concept in March 2017.
In December 2017, MacGregor signed an agreement to acquire Rapp Marine Group (RMG) to strengthen its offering for the fishery and research vessel segment.
In February 2018, MacGregor entered into an agreement to acquire by acquiring marine and offshore business from TTS Group.
On March 2021, Cargotec signed an agreement to sell the Navis business to US-based Accel-KKR for an enterprise value of EUR 380 million.
In April 2021, Cargotec's Board of Directors confirmed the company's refined strategy and vision.
In September 2021, Hiab acquired the US demountables manufacturer Galfab, which makes roll-off hoists and related equipment for the domestic waste industry.
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Cargotec Holding Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Crane America Services | 1973 | $25.0M | 375 | - |
| Hoist & Crane | 1976 | $88.0M | 175 | 89 |
| Mirion Technologies | 2005 | $154.1M | 290 | 95 |
| Vec Inc. | - | $35.0M | 125 | 16 |
| COMET Technologies USA | 1992 | $22.0M | 300 | - |
| Dymax | 1980 | $104.0M | 50 | 14 |
| SICPA | 1927 | $30.0M | 3,000 | - |
| Polytec | 1967 | $29.1M | 20 | - |
| Hallmark Nameplate | 1958 | $19.1M | 100 | - |
| Clark Material Handling Company | - | $290,000 | 9 | - |
Cargotec Holding Inc history FAQs
Zippia gives an in-depth look into the details of Cargotec Holding Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cargotec Holding Inc. The employee data is based on information from people who have self-reported their past or current employments at Cargotec Holding Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cargotec Holding Inc. The data presented on this page does not represent the view of Cargotec Holding Inc and its employees or that of Zippia.
Cargotec Holding Inc may also be known as or be related to CARGOTEC HOLDING INC. and Cargotec Holding Inc.