Konecranes Plc (Konecranes) manufactures lifting equipment for use in the manufacturing and process industries, shipyards, automotive, ports, terminals, oil and gas, metals and mining, Aviation, paper and forest, biomass, nuclear and power industries. The company offers workstation lifting systems, port services, spare parts, container and bulk handling equipment, mobile harbor cranes, shipyard cranes and lift trucks. The company also offers materials handling products and services under the brand Agilon. The company operates sales and service locations in 50 countries around the world. The company has manufacturing facilities in North and South America, Europe, Africa, The Middle East and Aisa.

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Konecranes has undertaken several R&D initiatives, including the launch of the Zero4 research and innovation program, which aims to improve industrial productivity by addressing information barriers, safety incidents, greenhouse gas emissions, and energy waste in material handling. In 2024, six research projects were initiated within Zero4, focusing on areas such as production and intralogistics operations, metaverse technologies in industrial work, collaboration between machines and humans, and data-based circularity strategies. The company also further developed its Predictive Maintenance Engine and introduced the Konecranes Artificial Intelligence Secured Advisor (KAISA) to enhance employee productivity using generative AI. The R&D unit of Konecranes includes the Technologies function, which encompasses a dedicated Data Science Lab. This unit is responsible for managing the company's technology development and innovation activities, focusing on projects that provide tangible business and customer benefits. In FY2025, the company spent EUR78.1 million on R&D, which as a percentage of revenue stood at 1.9% and grew 30.6% YoY.