About Cargotec
Cargotec is a company based in Madrid (Spain) founded in 2005.. The company has 4,230 employees as of December 31, 2024. Cargotec has completed 3 acquisitions, including HATLAPA Uetersener Maschinenfabrik, Interschalt and Kaleris. Cargotec offers products and services including Loader Cranes and Tail Lifts.
- Headquarter Madrid, Spain
- Employees 4230 as on 31 Dec, 2024
- Stage Public
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Sectors
Aerospace, Defense & Maritime
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Phone
*********
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Website
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Social
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- Legal Name Hiab Oyj Class B
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Annual Revenue
$1.71 B (USD)-7.4as on Dec 31, 2024
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Net Profit
$1.11 B (USD)207.49as on Dec 31, 2024
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EBITDA
$498.57 M (USD)47.48as on Dec 31, 2024
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Latest Funding Round
$952.2 K (USD), Grant
Jul 01, 2020
- Investors
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Employee Count
4230
as on Dec 31, 2024
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Investments & Acquisitions
HATLAPA Uetersener Maschinenfabrik
& 2 more
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IPO & Listings of Cargotec
Cargotec is a publicly listed company on the OMXHEX with ticker symbol HIAB in Finland, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cargotec
Cargotec offers a comprehensive portfolio of products and services, including Loader Cranes and Tail Lifts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loader cranes are developed and manufactured for lifting and handling loads in various sectors
Tail lifts are produced to facilitate safe and efficient loading and unloading of vehicles
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Senior Team
27 people
Software Development Team
25 people
Leadership Team
19 people
Finance and Accounting
14 people
Sales and Marketing
14 people
Product Management Team
11 people
R Team
10 people
Human Resources and Administration
8 people
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Funding Insights of Cargotec
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $952,196
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2020 | Amount | Grant - Cargotec | Valuation |
investors |
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| Jun, 2020 | Amount | Grant - Cargotec | Valuation |
investors |
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| Mar, 2019 | Amount | Grant - Cargotec | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cargotec
Cargotec has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cargotec
Cargotec has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include HATLAPA Uetersener Maschinenfabrik, Interschalt and Kaleris. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based solutions for shipping and port management are offered.
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1988 | ||||
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Provider of software solutions for maritime logistics
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1954 | ||||
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Pumps and compressors for marine and industrial uses are manufactured.
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1919 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cargotec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cargotec Comparisons
Competitors of Cargotec
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cargotec
Frequently Asked Questions about Cargotec
When was Cargotec founded?
Cargotec was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Where is Cargotec located?
Cargotec is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Who is the current CEO of Cargotec?
Casimir Lindholm is the current CEO of Cargotec.
How many employees does Cargotec have?
As of Dec 31, 2024, the latest employee count at Cargotec is 4,230.
What is the annual revenue of Cargotec?
Annual revenue of Cargotec is $1.71B as on Dec 31, 2024.
What does Cargotec do?
Cargotec was founded in 2005 and is headquartered in Madrid, Spain. Operations focus on the manufacturing sector, where loader cranes, tail lifts, and hooklifts are produced for on-road applications across multiple industries. Equipment is engineered to support load handling processes, with emphasis placed on safety, efficiency, and sustainability. Development incorporates ongoing innovation to meet operational needs in diverse geographic markets.
What products or services does Cargotec offer?
Cargotec offers Loader Cranes and Tail Lifts.
Is Cargotec publicly traded?
Yes, Cargotec is publicly traded on OMXHEX under the ticker symbol HIAB.
How many acquisitions has Cargotec made?
Cargotec has made 3 acquisitions, including HATLAPA Uetersener Maschinenfabrik, Interschalt, and Kaleris.
Who are Cargotec's investors?
Cargotec has 1 investor. Key investors include European Union.
What is Cargotec's ticker symbol?
The ticker symbol of Cargotec is HIAB on OMXHEX.