Press releases

Cavotec secures EUR 10.3M automated mooring order

Press releases   •   Mar 04, 2019 08:22 GMT

Cavotec has signed an agreement with a port operator to equip two berths at a terminal with MoorMaster™ automated mooring systems. Deliveries are scheduled to start in 2019, with the systems entering service in 2020. The order value amounts to approximately EUR 10.3 million, whereof a majority is expected to be recorded in 2019 and the remainder in 2020.

Cavotec inaugurates world-class manufacturing facility in Italy

Press releases   •   May 30, 2018 11:42 GMT

Global engineering group Cavotec has officially opened its new world-class production facility in Milan, which is set to ensure the Group’s manufacturing and supply chain excellence in the years ahead.

Cavotec signals growth potential with launch of new tagline and strategic direction statement

Press releases   •   May 04, 2018 08:46 GMT

Global engineering group Cavotec has launched its new tagline and strategic direction statement. Two defining elements of the Cavotec identity that reflect the Group’s key role as a trusted industrial partner for a global customer base, and its intent to maximise future growth potential.

Cavotec signs breakthrough EUR 9m orders for unmanned mooring of electric ferries

Press releases   •   Apr 20, 2018 08:22 GMT

Cavotec is set to revolutionise the operation of e-vessels by delivering and maintaining its automated, unmanned, mooring system MoorMaster™ for e-ferry ports across Norway. With these orders, MoorMaster™ is now the leading technology to safely and efficiently moor e-vessels, a segment set for rapid growth.

Cavotec wins EUR 8m breakthrough order for Bahrain International Airport modernisation

Press releases   •   Apr 10, 2018 07:07 GMT

Global engineering group Cavotec has won a breakthrough order for its next-generation aircraft ground cooling systems. The order is a key part of a major modernisation project at Bahrain International Airport set to substantially increase passenger capacity. The project highlights Cavotec’s leading role in the development of Pre-Conditioned Air (PCA) systems for the global aviation market.

Cavotec wins EUR 17.5M order for Dubai's new gateway airport

Press releases   •   Mar 02, 2017 07:45 GMT

Global engineering group Cavotec has won a breakthrough order for its innovative Pre-Conditioned Air (PCA) and 400Hz power technologies for Dubai’s new gateway airport, Al Maktoum International. The EUR 17.5 million order is one of the largest airport equipment project wins in the Group’s history.

Cavotec 4Q16 Report and full year 2016 summary

Press releases   •   Feb 22, 2017 12:48 GMT

Our 4Q16 Report and full year 2016 summary.

Cavotec lands EUR11.5M in orders for innovative aircraft utility systems in the UAE, the UK and the US

Press releases   •   Feb 22, 2017 11:24 GMT

Global engineering group Cavotec has secured significant orders to supply its innovative aircraft systems to major airports in the United Arab Emirates, the UK and the US. The EUR 11.5 million contract wins, all received and confirmed in the past two months, underline the continued success of the Group's advanced integrated aircraft utility systems at applications worldwide.

Cavotec names Mikael Norin as new CEO

Press releases   •   Feb 10, 2017 09:05 GMT

The Board of Directors of Cavotec SA is pleased to announce that Mikael Norin has been appointed CEO of the Cavotec Group. Mikael Norin will join Cavotec on May 1, 2017 and will, after a transition period, assume full responsibility as CEO on July 1, 2017. He will be based at the company's headquarters in Lugano, Switzerland.

Cavotec wins port equipment orders worth EUR 10M

Press releases   •   Feb 08, 2017 10:38 GMT

Global engineering group Cavotec has been awarded significant orders for its innovative systems for marine propulsion, shore power supply, and crane electrification systems, with a combined value of EUR 10 million, highlighting the Group's pivotal position in the global Ports & Maritime segment.

Cavotec's strategic plan enters into effect

Press releases   •   Jan 02, 2017 07:43 GMT

Cavotec SA's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports & Industry — entered into effect on January 1, 2017.

Cavotec wins airport equipment orders worth more than EUR 11 million

Press releases   •   Dec 01, 2016 07:31 GMT

Cavotec has won a number of orders for its innovative aircraft ground support systems for applications in Australia, China, Colombia, Germany, Italy and the US, the largest of which is for Hong Kong International Airport. The orders, all received in 4Q16, have a combined value of more than EUR 11 million.

Cavotec secures major MoorMaster™ equipment, servicing orders

Press releases   •   Nov 04, 2016 08:38 GMT

Marine systems innovator Cavotec has won important MoorMaster™ automated mooring orders from existing MoorMaster™ customer, the Port of Salalah in Oman, for use at two container berths – another sign of the increasing acceptance of this innovative mooring technology by the global shipping sector.

Cavotec SA - 3Q16 Report

Press releases   •   Nov 03, 2016 11:26 GMT

This is a summary of the 3Q16 report published today. The complete 3Q16 report and full year summary with tables is available at http://investor.cavotec.com/results.cfm. Investors should not rely on summaries only, but should review the complete reports with tables.

Cavotec 3Q16 report and conference call

Press releases   •   Oct 27, 2016 10:15 GMT

​Cavotec will publish its 3Q16 report on Thursday, 3 November, 2016 at approximately 12:00 CET. A conference call for shareholders, analysts and media will be held at 13:00 CET. Participating on the conference call from Cavotec will be CEO Ottonel Popesco and Kristiina Leppänen, CFO and IR. The meeting will start with some background on the 3Q16 results and will be followed by a Q&A session.

Cavotec SA - 2Q16 Report

Press releases   •   Aug 04, 2016 11:24 GMT

Cavotec continues winning shore power orders, highlighting success of new applications

Press releases   •   Jul 25, 2016 06:15 GMT

During 1H16 and the first weeks of 3Q16, leading engineering group Cavotec has won more orders for its innovative shore power systems with a total value of approximately EUR 11.5 million, underlining the Group’s central position in this growing segment, and the ports sector as a whole.

Cavotec inaugurates state-of-the-art R&D and manufacturing premises in Milan

Press releases   •   Jun 29, 2016 11:33 GMT

Global engineering group Cavotec has inaugurated the construction of its new, state-of-the-art R&D and manufacturing premises outside Milan for its Cavotec Specimas business, a facility that will support the continued development of key technologies that will in turn ensure future growth for the group.

Cavotec's MoorMaster™ automated mooring technology registers two major breakthroughs

Press releases   •   Jun 14, 2016 09:18 GMT

Cavotec's MoorMaster™ automated mooring technology has registered two major breakthroughs — completion of At Sea Demonstrations of the US Navy's Advanced Mooring System; and a second order for a combined MoorMaster™ and battery charging system for a hybrid passenger ferry application — underscoring the acceptance of MoorMaster™ in the industry, and the technology's substantial market potential.

Michael Colaco sells 2.8 million Cavotec shares to pay USD 6.7 million to Cavotec

Press releases   •   May 18, 2016 08:10 GMT

The Chief Executive Officer of Cavotec SA ("Cavotec" or the "Company"), Ottonel Popesco, is pleased to announce that on 17 May 2016, Michael Colaco, the former owner of INET Airport Systems, sold 2.8m shares in Cavotec to pay USD 6.7m pursuant to the court judgment entered in favour of Cavotec in a lawsuit in the Orange County Superior Court in California, USA.