Cargotec
Encyclopedia
Cargotec Oyj is a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution.
Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new KONE
. After the split, Kone Corporation’s container handling (Kalmar Industries AB), load handling (Hiab and Moffett based in Ireland was acquired in 2000) and marine cargo handling (MacGREGOR) business units formed Cargotec. However, the businesses within Cargotec have much longer histories and a series of mergers and acquisitions during several decades. As of 2010, Cargotec's operations in both British, Irish and the Scandinavian regions have partnered with Hydroscand
for OEM
and after sales hydraulic requirements.
In January 2011, Cargotec announced it was to purchase Navis, a container terminal operating system (TOS) software company from Zebra Technologies Corporation. The purchase was completed in March 2011. Together with BLRT Grupp
, Cargotec owns a marine service company MacGregor BLRT Baltic.
As of the end of 2009, Cargotec Corporation had about 9,500 personnel working in over 120 countries. Cargotec has production in 18 countries.
The heirs of Pekka Herlin, who founded Kone Corporation, own large chunks of Cargotec common stock. Current (since July 12, 2005) Chairman of the Cargotec's Board of Directors is Ilkka Herlin. His brother Antti Herlin, a major owner and CEO of KONE, was also elected as a member of the Board of Directors.
Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new KONE
KONE
Kone Oyj , founded in 1910 and headquartered in Espoo, Finland, is an international engineering and service company employing some 32,500 personnel worldwide. The firm is the fourth largest manufacturer of elevators worldwide, a leading manufacturer of escalators, and also provides maintenance...
. After the split, Kone Corporation’s container handling (Kalmar Industries AB), load handling (Hiab and Moffett based in Ireland was acquired in 2000) and marine cargo handling (MacGREGOR) business units formed Cargotec. However, the businesses within Cargotec have much longer histories and a series of mergers and acquisitions during several decades. As of 2010, Cargotec's operations in both British, Irish and the Scandinavian regions have partnered with Hydroscand
Hydroscand
Hydroscand is a Swedish company that sells and distributes hose and fluid connectors. The company is represented in 16 countries in Europe, Asia and Africa. Hydroscand has approximately 670 employees at over 120 branches, and has a turnover of 140 million Euro...
for OEM
OEM
OEM means the original manufacturer of a component for a product, which may be resold by another company.OEM may also refer to:-Computing:* OEM font, or OEM-US, the original character set of the IBM PC, circa 1981...
and after sales hydraulic requirements.
In January 2011, Cargotec announced it was to purchase Navis, a container terminal operating system (TOS) software company from Zebra Technologies Corporation. The purchase was completed in March 2011. Together with BLRT Grupp
BLRT Grupp
BLRT Grupp is a shipbuilding company headquartered in Tallinn, Estonia. In addition to Estonia, the company owns shipyards in Lithuania, Finland and Norway...
, Cargotec owns a marine service company MacGregor BLRT Baltic.
As of the end of 2009, Cargotec Corporation had about 9,500 personnel working in over 120 countries. Cargotec has production in 18 countries.
The heirs of Pekka Herlin, who founded Kone Corporation, own large chunks of Cargotec common stock. Current (since July 12, 2005) Chairman of the Cargotec's Board of Directors is Ilkka Herlin. His brother Antti Herlin, a major owner and CEO of KONE, was also elected as a member of the Board of Directors.