Hiab Corporation, which operated as Cargotec Corporation until its renaming in early 2025 following the spin-off of Kalmar and the sale of MacGregor, is a global leader in on-road load-handling equipment and services. The company's business model is divided into two primary reporting segments: Equipment and Services. The Equipment segment (representing approximately 70% of total sales) encompasses the manufacturing and sale of new machinery, including loader cranes (under brands like HIAB, EFFER, and ARGOS), forestry and recycling cranes (LOGLIFT, JONSERED), truck-mounted forklifts (MOFFETT, PRINCETON), demountables (MULTILIFT, GALFAB), and tail lifts (ZEPRO, DEL, WALTCO). The Services segment (accounting for roughly 30% of sales) provides aftermarket support, including spare parts, maintenance, equipment warranties, and digital services, which offer higher margins and recurring revenue. Geographically, Hiab has a strong global footprint with a particularly significant presence in Europe (nearly 49% of sales) and North America (around 42% of sales). The company serves a highly diversified customer base across essential sectors such as waste and recycling, defense logistics, retail and last-mile delivery, and construction. By maintaining market leadership positions across its diverse product portfolio, Hiab leverages its extensive network of over 3,000 service locations to drive sustainable growth and operational resilience.
