December 2, 2024
Transaction Overview
- Cargotec is selling its MacGregor business to Triton for an enterprise value of EUR 480 million.
- The sale supports Hiab’s future growth as a standalone business.
Transformation Timeline
- Cargotec’s transformation into standalone Hiab is expected to take place on 1 April 2025.
- The sale of MacGregor is projected to close by 1 July 2025 at the latest.
Strategic Decisions
- The transformation includes listing Kalmar as a separate company, preparing Hiab for independence, and divesting MacGregor.
- Following the transformation, Cargotec plans to rename itself as Hiab.
Source and more information: Cargotec
