Cargotec is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling.
Cargotec Corporation (Finnish: 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 marine cargo handling (MacGregor) business units formed Cargotec. However, the businesses within Cargotec have much longer histories and have been formed through a series of mergers and acquisitions over several decades.
At the end of 2018, Cargotec had approximately 12,000 personnel working in over 100 countries
Cargotec's major shareholders are the heirs of Pekka Herlin, who founded Kone Corporation. Current (since July 12, 2005) Chairman of the Cargotec's Board of Directors is Ilkka Herlin.