Cargotec
Hiab, Cargotec's load-handling business, manufactures loader cranes, tail lifts, truck-mounted forklifts, hooklifts, and forestry and recycling cranes under multiple brands for construction, waste management, forestry, logistics, and defence customers globally.
- Company typePublic
- Founded2005
- HeadquartersHelsinki, Finland
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Cargotec does
Cargotec is a Helsinki-headquartered, publicly listed Finnish industrial group whose principal operating focus in the supplied data is Hiab, a business area providing smart and sustainable load-handling equipment for trucks and trailers. Hiab's portfolio spans loader cranes (HIAB, EFFER, ARGOS, ING), forestry and recycling cranes (LOGLIFT, JONSERED), hooklifts and skiploaders (MULTILIFT), roll-off hoists (GALFAB), truck-mounted forklifts (MOFFETT, PRINCETON), tail lifts and liftgates (ZEPRO, DEL, WALTCO), and a connected-equipment software layer (HIPERFORM), supported by an approximately 3,000-location global sales and service network, 4,000 employees, and 2025 net sales of EUR 1.6 billion.
Hiab makes money primarily through direct and dealer-led equipment sales to industrial and municipal buyers in construction, waste management and recycling, forestry, logistics and transport, and (increasingly) defence and military end markets. The pricing model is quote-based rather than list-priced, with multi-year contract billing cadence common. Revenue mechanics are shifting toward recurring service streams — aftermarket parts, IoT-enabled predictive maintenance, and emerging equipment-as-a-service models — layered on top of the core hardware-sale engine.
Cargotec's broader historical footprint includes Kalmar (container and cargo handling) and MacGregor (offshore and maritime), evidenced by prior acquisitions such as Navis (2011), MacGregor Hatlapa (2013), and INTERSCHALT maritime systems (2016), but the supplied material concentrates on Hiab. The strategic direction shown in the data emphasises portfolio consolidation within load handling, vertical extension into refuse collection vehicles via the Labrie Environmental Group acquisition (June 2026), defence-vertical expansion (Eurosatory 2026), and a 'factory of the future' capacity build-out in Raisio, Finland.
Cargotec firmographics
Firmographics- Name
- Cargotec
- Legal name
- Cargotec Corporation
- Website
- https://cargotec.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Hiab, Cargotec's load-handling business, manufactures loader cranes, tail lifts, truck-mounted forklifts, hooklifts, and forestry and recycling cranes under multiple brands for construction, waste management, forestry, logistics, and defence customers globally.
- Ownership category
- akta.pro rank
Cargotec industry classification
Industry- Product category
- Cargo Handling Equipment
- NAICS
- Conveyor and Conveying Equipment Manufacturing (333922), Heavy Duty Truck Manufacturing (336120)
- SIC
- Industrial Trucks, Tractors, Trailors & Stackers (3537), Wholesale-Industrial Machinery & Equipment (5084)
- akta.pro primary industry
- Gear & Lifting Equipment Rental (Cranes, Spreaders, Forklifts, Reach Stackers) (TLAHALAD)
- akta.pro secondary industries
- Breakbulk & Project Cargo Handling (Heavy Lift, Out-of-Gauge Handling) (TLAHALAH), Bulk Cargo Handling Services (Conveying, Grab/Loader Ops, Bagging) (TLAHALAI)
Keywords
Where Cargotec is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Cargotec business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Equipment Sales: Hiab generates the majority of its revenue from the sale of load handling equipment including loader cranes, tail lifts, truck-mounted forklifts, hooklifts, and skiploaders under brands such as HIAB, EFFER, MULTILIFT, MOFFETT, ZEPRO, and WALTCO. Net sales in 2025 totalled approximately EUR 1.6 billion.
- Service and Support: Cargotec and Hiab are transitioning toward service-based models linked to customer outcomes, using IoT-enabled connected equipment, predictive maintenance, and advanced analytics to generate recurring service revenues. Equipment-as-a-service models are cited as a growing revenue stream in the broader material handling sector.
- Aftermarket Parts and Accessories: Global sales and service network with approximately 3,000 locations provides ongoing parts supply, maintenance, and support services as a recurring revenue component.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Equipment and service pricing is determined through individual quotes based on customer requirements, configuration, and volume. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Cargotec product offering
Product offeringCore offering
Cargotec (primarily through its Hiab business area) designs, manufactures, and services smart and sustainable load handling equipment — including loader cranes, hooklifts, skiploaders, tail lifts, liftgates, and truck-mounted forklifts — sold under multiple established brands to customers in construction, waste management, forestry, logistics, and defence. Revenue is generated mainly from equipment sales supplemented by a global aftermarket parts and service network.
Product overview
Hiab, a Cargotec subsidiary (Nasdaq Helsinki: HIAB), is a leading provider of smart and sustainable load handling solutions. The company operates a multi-brand portfolio strategy under the Cargotec umbrella, offering a comprehensive range of equipment from loader cranes (HIAB, EFFER, ARGOS) and forestry/recycling cranes (LOGLIFT, JONSERED) to hooklifts/skiploaders (MULTILIFT), roll-off hoists (GALFAB), truck-mounted forklifts (MOFFETT, PRINCETON), tail lifts (ZEPRO, DEL), liftgates (WALTCO), and smart solutions (HIPERFORM). With approximately EUR 1.6 billion in 2025 sales, 4,000 employees, and 3,000 sales & service locations globally, Hiab serves essential industries by making load handling smarter, safer, and more sustainable. The company was founded in 1944 and is headquartered in Helsinki, Finland.
Differentiator
Problem solved
Functional benefit
Products and services
- HIAB Loader Cranes Loader cranes for truck-mounted on-site lifting and material handling, serving construction, logistics, and infrastructure operators globally.
- EFFER Loader Cranes Premium loader cranes for advanced load handling applications, sold under the EFFER brand.
- ARGOS Loader Cranes Loader cranes targeting the South American market, distributed via the argosguindastes.com.br brand site.
- ING Loader Cranes Loader crane brand under the Hiab multi-brand portfolio.
- LOGLIFT Forestry Cranes Cranes designed for forestry and timber handling applications, including loading, processing, and transport logistics.
- JONSERED Recycling Cranes Cranes engineered for waste management and recycling operations, handling scrap and recyclable materials.
- MULTILIFT Hooklifts and Skiploaders Hooklifts and skiploaders for efficient container and waste handling applications; the new MULTILIFT Optima range launched in June 2026.
- GALFAB Roll-off Cable Hoists Roll-off cable hoists used for waste management and container transport operations.
- MOFFETT Truck Mounted Forklifts Truck-mounted forklifts for efficient loading and unloading of goods at delivery points; secured a significant US order in May 2026.
- PRINCETON Truck Mounted Forklifts Piggy-back truck-mounted forklifts for versatile material handling at delivery sites.
- ZEPRO Tail Lifts Rear-mounted tail lifts for delivery vehicles, enabling efficient loading and unloading of goods.
- DEL Tail Lifts Tail lifts providing rear loading solutions for commercial delivery vehicles.
- WALTCO Liftgates Liftgates designed for commercial vehicle rear loading applications.
- HIPERFORM Smart Solutions Smart solutions platform for digitalising load handling operations with connected equipment, data-driven insights, and predictive capabilities.
Quantifiable outcome
- Carbon emissions reduction of up to 85% with electric hybrid crane solutions such as the HIAB WSPR electric hybrid crane
- +1 more outcomes
Companies that use Cargotec
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles5 records
Cargotec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Cargotec partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Labrie Environmental GroupcoreHiab acquired Labrie Environmental Group, a refuse collection vehicle manufacturer, to significantly strengthen its position in the waste and recycling sector. This acquisition represents a strategic expansion of Hiab's product portfolio into the refuse collection vehicle manufacturing market, complementing its existing load handling equipment offerings. The acquisition was announced as inside information in June 2026.
Scale indicators4 records
Recent moves6 records
Expansion highlights7 records
Cargotec competitors and assessment
Company assessmentDirect peers
- Konecranes: Finnish-based global manufacturer of lifting equipment, port solutions, and industrial cranes. Directly comparable to Cargotec/Hiab as a fellow Helsinki-listed material handling and crane OEM with overlapping product categories and global service networks.
- Hyster-Yale Materials Handling: US-listed manufacturer of lift trucks and material handling equipment under Hyster and Yale brands. Directly competes with Hiab's MOFFETT and PRINCETON truck-mounted forklifts in the on-truck material handling category.
- Manitou Group: French manufacturer of material handling, aerial work platforms, and earthmoving equipment. Directly comparable to Hiab's truck-mounted forklifts and loader crane product lines serving construction, agriculture, and logistics.
- Manitowoc Company: US-based manufacturer of cranes including mobile hydraulic cranes, crawler cranes, and tower cranes. A direct peer cited alongside Cargotec in the truck-mounted cranes market research, competing in lifting and load handling equipment.
Broad incumbents
- Liebherr: Privately held Swiss-German manufacturer with a broad portfolio spanning mobile cranes, crawler cranes, tower cranes, material handling technology, and components. Overlaps with Hiab in mobile and loader cranes as part of a much wider industrial portfolio.
- Toyota Material Handling: Subsidiary of Toyota Industries producing forklifts, reach trucks, and warehouse equipment. Overlaps with Hiab in truck-mounted forklifts and adjacent on-vehicle material handling.
- Terex Corporation: US-based diversified equipment manufacturer with material handling, aerial work platforms, and crane segments. Competes with Hiab in material handling and rough-terrain lifting via brands like Genie and Terex Cranes.
- Oshkosh Corporation: US-based specialty vehicle manufacturer producing aerial work platforms (JLG), refuse and recycling collection vehicles, and defense vehicles. Directly comparable to Hiab post-Labrie in refuse collection vehicles and to its defense logistics presence at events like Eurosatory.
Regional players
- Jungheinrich: German-listed intralogistics and material handling provider focused on forklifts, pallet trucks, and warehouse equipment. Strongly overlaps with Hiab's material handling portfolio but primarily serves European warehouse/logistics markets versus Hiab's on-truck focus.
Emerging players
- Crown Equipment Corporation: Privately held US manufacturer of forklifts and warehouse material handling equipment. Adjacent to Hiab's truck-mounted forklift business (MOFFETT, PRINCETON), with partial overlap in industrial lift equipment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cargotec social profiles
Digital presenceCargotec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cargotec leadership team
Management profileNumber of profiles
Profiles2 records
Cargotec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cargotec M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cargotec
What does Cargotec do?
Cargotec (primarily through its Hiab business area) designs, manufactures, and services smart and sustainable load handling equipment — including loader cranes, hooklifts, skiploaders, tail lifts, liftgates, and truck-mounted forklifts — sold under multiple established brands to customers in construction, waste management, forestry, logistics, and defence. Revenue is generated mainly from equipment sales supplemented by a global aftermarket parts and service network.
Is Cargotec a public or private company?
Cargotec is a public company. It is classified as public and is currently operating.
When was Cargotec founded?
Cargotec was founded in 2005. It employs 1,001 to 5,000 people.
Where is Cargotec based?
Cargotec is headquartered in Helsinki, Finland, in the Europe region.
How does Cargotec make money?
Three revenue lines are on record. Equipment Sales are the primary driver. The others are service and Support and aftermarket Parts and Accessories.
Who are Cargotec's main competitors?
Direct peers on record are Konecranes, Hyster-Yale Materials Handling, Manitou Group and Manitowoc Company. Broad incumbents are Liebherr, Toyota Material Handling, Terex Corporation and Oshkosh Corporation. Jungheinrich is listed as a regional player. Crown Equipment Corporation is listed as an emerging player.
Does Cargotec have an API?
No public API is recorded for Cargotec.
What industry is Cargotec in?
Cargotec's product category is Cargo Handling Equipment. Its primary akta.pro industry code is TLAHALAD, Gear & Lifting Equipment Rental (Cranes, Spreaders, Forklifts, Reach Stackers), with a secondary code of TLAHALAH, Breakbulk & Project Cargo Handling (Heavy Lift, Out-of-Gauge Handling). Its NAICS code is 333922 and its SIC code is 3537.