Following the unsuccessful merger with Konecranes, Cargotec, a Finnish port handling equipment provider, has announced its plans to quit Kalmar’s heavy cranes sector while considering strategic options for MacGregor, including a potential sale of the company.
Kalmar’s focus will shift to mobile solutions, while Cargotec will begin planning an exit from the big port cranes industry. Kalmar plans to deliver industry-shaping, environmentally friendly cargo handling equipment and lifecycle services in the mobile equipment product categories of straddle and shuttle carriers, as well as Bromma spreaders, in the future. Furthermore, MacGregor’s choices will be assessed across its entire business area, including its merchant, offshore, and services businesses. “With this planned balanced portfolio we will support our customers with lifecycle services as well as market-leading equipment and technology in our profitable Core Businesses Hiab and refocused Kalmar. These are recurring businesses with already above 10% comparable operating profit margins. The markets are structurally attractive and we hold leading market positions there. We are now planning to exit or evaluate strategic options for the project businesses where we have been less successful,” said Cargotec’s CEO, Mika Vehviläinen.
