Cavotec

What Cavotec does

Cavotec is a global engineering group that designs and manufactures connection and electrification technologies for ports, maritime, mining, construction, and industrial customers. Founded in 1975 in Sweden as a sales agency for Italian Specimas SpA (later acquired in 1984), the company has built a 50-year heritage in four core product categories: Shore Power & Charging (including the Megawatt Charging System up to 4.5 MW), Power/Data/Fluid Transmission (motorized reels, spring reels, collectors, slip rings), Control & Interface (industrial radio remote controls), and Mooring & Berthing (the MoorMaster vacuum-based automated mooring system, now in its NxG generation). Supporting these systems are modular products including the PowerAccESS battery energy storage system (up to 494 kWh LiFePO4), CavotecConnect connectivity platform, and CavotecInspect monitoring solutions. The company is headquartered in Stockholm, Sweden (relocated from Switzerland in 2025), with manufacturing and R&D in Nova Milanese and Milan, Italy, and operates across 30+ countries serving enterprise customers including PSA, DP World, APM Terminals, Maersk, MSC, Port of Los Angeles, Port of Long Beach, ABB, Sandvik, Liebherr, and Kone Cranes.

Cavotec's business model is project-based equipment and systems sales, with each shore power, mooring, or crane electrification contract representing a one-time license-style transaction (typical order values €7M-€9.35M observed in recent contract wins). Revenue is supplemented by professional services including maintenance, 24/7 operations, and system integration through the Cavotec Service Academy, leveraging the large global installed base. Distribution combines direct enterprise field sales for major infrastructure projects with a regional agent and distributor network (e.g., Paxmark in Peru/Ecuador, Port Marine in Kenya). Marketing relies on industry events (TOC conferences, bauma, PIANC, iVT Expo), technical content downloads, and LinkedIn/YouTube presence.

The company is publicly listed on Nasdaq Stockholm (ticker: CCC), previously listed on the New Zealand Stock Exchange (2007-2011). Bure Equity is the largest shareholder at 40.72%. In 2025, Cavotec reported order intake of €157.5M (down 11.4%), revenue down 8.7%, a net loss of €1.4M, and improved cash flow of €12.6M (+103%). The company is positioning to benefit from the EU FuelEU Maritime regulation requiring onshore power supply at EU ports by January 2030, with new product launches (MCS, PowerAccESS, Remote Controls NxG) and an explicit M&A mandate under Head of Strategy and M&A Erik Lyrvall.

Name

Cavotec

Legal name

Cavotec Group AB (publ)

Website

https://cavotec.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Cavotec is a global engineering group that designs connection and electrification technologies, including shore power systems, automated mooring (MoorMaster), battery energy storage (PowerAccESS), and megawatt charging for ports, maritime, mining, and industrial customers across 30+ countries.

Ownership category

akta.pro rank

Product category

Port and Industrial Electrification Equipment

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Power, Distribution, and Specialty Transformer Manufacturing (335311)

SIC

Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Shore Power & Electrification Systems (Cold Ironing, Charging Interfaces) (IMAJAJAM)

akta.pro secondary industries

Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB), Marine Automation, Control & PLC/SCADA Systems (IMAJAJAC)

Keywords

• Shore power systems
• Port electrification
• Automated mooring systems
• Megawatt charging solutions
• Industrial cable reels

Headquarters

HQ city

Christchurch

HQ country

New Zealand

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Equipment and Systems Sales: Cavotec generates primary revenue from selling engineered equipment and integrated systems including shore power infrastructure, automated mooring systems (MoorMaster), battery solutions, cable handling equipment, and charging systems. Revenue is project-based with significant order values (€7M Italian port contracts, €9.35M container shipping order).
2. Services and Maintenance: Cavotec has increased focus on service offerings including maintenance, 24/7 operations support, and system integration. The company recognized the potential of its large global installed base and expanded service capabilities, including the Cavotec Service Academy.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Cavotec designs, manufactures, and sells engineered connection and electrification systems for ports, maritime, mining, construction, and industrial customers. Core offerings include shore power systems, automated vacuum-based mooring (MoorMaster), modular battery energy storage (PowerAccESS), megawatt charging systems for heavy-duty vehicles and vessels, and cable handling/transmission equipment such as motorised reels, spring reels, slip rings, and radio remote controls.

Product overview

Cavotec is a global engineering company providing innovative connection and electrification solutions for ports, maritime, mining, and industrial applications. The product portfolio centers on four core solution categories: Shore Power & Charging (including the Megawatt Charging System up to 4.5 MW), Power/Data/Fluid Transmission (motorised reels, spring reels, collectors, slip rings), Control & Interface (radio remote controls including Remote Controls NxG), and Mooring & Berthing (MoorMaster and MoorMaster NxG). Supporting these core systems are modular add-on products including PowerAccESS battery energy storage (up to 494 kWh), CavotecConnect (connectivity platform), CavotecInspect (inspection solutions), PowerRange and PowerReach (power management), and Ground Power Units for airports. The company also offers comprehensive lifecycle services including maintenance and 24/7 operations support. The architecture is platform-based with modular components that can be combined and scaled for specific customer requirements across ports, maritime, mining, construction, and industrial sectors.

Differentiator

Problem solved

Functional benefit

Brands

• PowerAccESS: Modular mobile battery energy storage system with capacity up to 494 kWh designed to replace diesel generators on RTG cranes in port operations.
• MoorMaster
• CavotecInspect
• CavotecConnect
• PowerRange
• PowerReach

Products and services

• Shore Power Systems Onshore power supply systems that enable docked ships to connect to the electrical grid instead of running auxiliary engines, reducing greenhouse gas emissions. Sold to ports, terminals, and shipping companies.
• Megawatt Charging System (MCS) Turnkey DC charging solution delivering up to 4.5 MW per connector (1500VDC / 3000A) for heavy-duty vehicles, machinery, and vessels. Includes step-down transformer, high-power power electronics module, cooling system, and MCS Manual Dispenser.
• PowerAccESS Battery Energy Storage Modular mobile battery energy storage system using LiFePO4 batteries, scalable from 62 kWh to 494 kWh, designed to replace diesel generators on Rubber Tyred Gantry (RTG) cranes in port operations. Supports hybrid or full battery operation.
• MoorMaster Automated Mooring Automated vacuum-based mooring system that replaces traditional rope mooring, securing vessels to berths faster, safer, and more efficiently. The MoorMaster NxG is the next-generation variant. Sold to ports and terminal operators.
• Radio Remote Controls Industrial radio remote control systems (including MC 3300-NxG and Remote Controls NxG) for demanding applications in mining, ports, construction, and other industrial sectors. Improves operational safety and efficiency.
• Power, Data & Fluid Transmission Systems Cable handling solutions including motorised reels, spring reels, collectors, and slip rings that provide continuous transmission of power, signals, and fluids between stationary and rotating structures in industrial and mobile applications.
• Ground Power Units Equipment supplied to airports for providing ground power to aircraft, enabling them to shut down auxiliary power units and reduce emissions during turnaround.
• Cavotec Services & Maintenance Lifecycle services including maintenance, 24/7 operations support, system integration, and the Cavotec Service Academy. Targeted at customers with installed Cavotec equipment.

Quantifiable outcome

• Italian government approved €570 million funding program to reduce electricity costs for ships at Italian ports, making shore power economically competitive
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered regional.

• Paxmark Perú S.A.C.regionalChannel Partner/ Reseller/ DistributorDistributor for General Industry, Mining & Tunnelling, Construction, Ports & Maritime, and After-Market Products & Services covering Peru and Ecuador. Located in Lima, Peru. Contact: [email protected]
• Port Marine (E.A) LtdregionalChannel Partner/ Reseller/ DistributorAgent for Ports & Maritime and After-Market Products & Services covering Kenya. Located in Mombasa, Kenya. Contact: [email protected]

Scale indicators5 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• ABB: ABB is a broad electrification and automation incumbent with a significant shore-power and port-electrification offering. It competes head-to-head with Cavotec in shore power and switchgear for ports and ships, though as part of a much larger portfolio across motion, robotics, and process automation.
• Wärtsilä: Wärtsilä is a major marine-technology provider with a strong marine electrification, energy storage, and shore-power portfolio. It serves similar shipping and port customers and competes with Cavotec's PowerAccESS battery system and shore-power systems, although Wärtsilä's primary identity is marine engines and integrated ship-power solutions.
• Siemens: Siemens provides shore-power solutions (Sihotronics), low-voltage switchgear, and industrial automation. It competes with Cavotec in port electrification and power distribution, but as part of a vast industrial-software and automation conglomerate rather than a port-focused specialist.
• Kongsberg Maritime: Kongsberg Maritime supplies integrated ship automation, control systems, and marine electrification. It overlaps with Cavotec's MoorMaster-adjacent automation and control offering and competes for similar shipowner and shipyard customers, though its primary focus is navigation and integrated vessel systems.
• Schneider Electric: Schneider Electric is a global power distribution, switchgear, and industrial automation incumbent. Its low-voltage switchboards and energy management solutions overlap with Cavotec's electrical distribution offerings for ports and industrial facilities, though Schneider is vastly broader in scope.
• Eaton: Eaton is a global power management company with switchgear, power distribution, and industrial control products serving data centers, utilities, and industrial facilities. It overlaps with Cavotec's switchboard and electrical distribution products for ports and industrial customers, though Eaton operates at much greater scale.

Direct peers

• Stemmann-Technik (Wabtec): Stemmann-Technik, owned by Wabtec, makes motorized cable reels, slip rings, and power/data transmission systems for ports, rail, and industrial applications. It directly competes with Cavotec's Power, Data & Fluid Transmission product line for cable handling on cranes and port equipment.
• Conductix-Wampfler (Delachaux): Conductix-Wampfler specializes in cable reels, festoon systems, and energy/data transmission for cranes, ports, mining, and industrial automation. It is one of the closest direct competitors to Cavotec's motorized reels and collectors product family.

Emerging players

• TECO 2030: TECO 2030 is a Norwegian emerging player developing fuel-cell and hydrogen-based propulsion and shore-power solutions for the maritime sector. It targets the same EU FuelEU Maritime decarbonization mandate that drives Cavotec's shore-power opportunity but with a hydrogen focus rather than grid-based electrification.
• MacGregor: MacGregor is a Cargotec-owned supplier of marine load-handling and mooring solutions, including automated mooring systems for ports and offshore. It competes with Cavotec's MoorMaster in the automated mooring niche, though MacGregor's identity centers on shipboard cargo and load-handling equipment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/cavotecfilms
• LinkedInlinkedin.com/company/cavotec
• Xx.com/CavotecGroup
• Facebookfacebook.com/28960

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cavotec