Hiab Oyj (Hiab) is a company that specializes in smart and sustainable on-road load handling solutions. It develops and manufactures a wide range of equipment, including cranes, tail lifts, and truck-mounted forklifts, serving industries such as waste and recycling, defense logistics, construction, retail, forestry, agriculture, rail, wind, special logistics, and infrastructure.

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Hiab Oyj has undertaken several R&D initiatives in 2024, focusing on developing solutions that enhance sustainability and work efficiency for customers. The company introduced 45 new solutions, including the WALTCO MDV liftgate series, HIAB eX.HIPRO crane, JONSERED iZ.18R HD recycling crane, and MULTILIFT eULTIMA, the world's first plug-and-play hooklift for electric trucks. Hiab Oyj also launched the HIAB wspr, a portfolio of electric hybrid crane solutions, and introduced a new engine control feature for loader cranes to save diesel consumption. The company expanded its truck-mounted forklift range with new electric and diesel models and launched the WALTCO MDV liftgate series for efficient dock loading. Additionally, Hiab Oyj expanded its spare parts portfolio and launched the MyHiab mobile app to improve operator productivity and safety. The R&D unit of Hiab Oyj are responsible for continuously developing equipment, intelligent services, and connected solutions that create more value and empower customers with a focus on sustainability, safety, reliability, and efficiency. In FY2024, the company spent EUR38.5 million on R&D, which as a percentage of revenue, stood at 2%.