Hiab Oyj - Company Profile
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Hiab Oyj (Hiab), formerly Cargotec Oyj, is an industrial goods and machinery company that now operates solely as a global provider of smart and sustainable on-road load-handling solutions following the separation of Kalmar and the divestment of MacGregor. Its offerings include loader cranes, forestry and recycling cranes, hook lifts, skip loaders, tail lifts, truck-mounted forklifts, demountable systems, and advanced control, digital, and connected service solutions Hiab focuses on delivering safe, efficient, and low-emission load-handling equipment for essential industries such as logistics, construction, waste & recycling, transport, defense logistics, and last-mile delivery. The company operates through strong, well-recognized brands including Hiab, MULTILIFT, MOFFETT, ZEPRO, WALTCO, DEL, and JONSERED. With operations and customers across Europe, the Americas, and Asia-Pacific. The company operates with a global reach, supported by a network of strategic partners that provide local expertise and customer relationships. Hiab's presence spans over 100 countries, targeting diverse markets across all continents. Hiab is headquartered in Helsinki, Finland.
Headquarters
Finland
Address
Itamerenkatu 25, Helsinki, 00180
Website
www.hiabgroup.com
Telephone
358 207 774000
No of Employees
4,049
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
HIAB (HEL)
Revenue (2024)
$1.8B
-5.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-84.6%
(2024 vs 2023)
Market Cap*
$3.6B
Net Profit Margin (2024)
XYZ
-83.7%
(2024 vs 2023)
* As of and is in US$
Hiab Oyj premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| - | - | - |
| Loader Cranes | Spare Parts | Hiab |
| Forestry Cranes | Installation Services | MULTILIFT |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In September, the company launched two new heavy-duty truck-mounted forklifts, the MOFFETT M8 65.3P NX2 and M8 65.4P NX2, which increase lifting capacity to 6,500 lb. |
| 2026 | Acquisitions/Mergers/Takeovers | In July, the company acquired Labrie Environmental Group, a refuse collection vehicle manufacturer. |
| 2026 | New Products/Services | In June, the company launched the all-new MULTILIFT Optima hooklift range, doubling its 20- and 25-tonne capacity lineup with new S-Type and Z-Type models. |
Competitor Comparison
| Key Parameters | Hiab Oyj | KION Group AG | Jungheinrich AG | Konecranes Plc | Palfinger AG |
|---|---|---|---|---|---|
| Headquarters | Finland | Germany | Germany | Finland | Austria |
| City | Helsinki | Frankfurt Am Main | Hamburg | Hyvinge | Bergheim |
| State/Province | - | Baden-Wurttemberg | Baden-Wurttemberg | - | - |
| No. of Employees | 4,049 | 42,403 | 20,898 | 16,371 | 12,230 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jukka Moisio | Chairman | Executive Board | 2025 | 67 |
| Casimir Lindholm | Vice Chairman | Executive Board | 2025 | 55 |
| Scott Phillips | Chief Executive Officer; President | Senior Management | 2025 | 60 |
| Mikko Puolakka | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 57 |
| Taina Tirkkonen | Executive Vice President - General Counsel | Senior Management | 2025 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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