Cavotec has signed a contract with Australian construction and engineering company Civmec for the supply of a motorised cable reel to be installed at Port Hedland, Western Australia, one of the world’s largest iron ore export facilities.
This marks Cavotec’s first major collaboration with Civmec, further strengthening Cavotec’s presence in Australia’s mining and bulk material handling sector. D
“Order intake was strong during the quarter, reflecting our solid position in markets driven by the electrification of society. However, the increased global uncertainty has led to greater caution among our customers, which has affected our sales of goods and services with shorter delivery times. This has also impacted the profitability for the quarter. During the quarter, we successfully complete
Today marks a major milestone in Cavotec’s journey as the company’s shares in the new parent company are listed on Nasdaq Stockholm in Sweden— the country where it all began in 1975. The listing was celebrated with a bell-ringing ceremony at Nasdaq Stockholm.
“We are happy to be back in Sweden,” says David Pagels, CEO of Cavotec. “Cavotec was founded 50 years ago and is established as a leading
“This quarter reflects our project-driven business, where revenue and earnings may fluctuate between quarters depending on which projects we invoice. We are seeing an increasingly uncertain global environment, while our business remains fundamentally strong with solid demand, and we have continued to strengthen our financial position during the quarter. The order intake should be viewed in the con
Cavotec is proud to announce the launch of the MCS Manual Dispenser, designed to support the Megawatt Charging System (MCS) for high-power charging applications. Perfect for industries such as mining, construction, ports, and transportation, this new solution delivers up to 4.5 MW of charging power, efficiently powering electric heavy-duty vehicles, construction machinery, e-trucks and vessels.
Cavotec proudly announces the launch of its next generation radio remote controls. Designed for unmatched flexibility, reliability, and ergonomic comfort, these new systems are set to redefine operator control in demanding industrial environments. The official unveiling will take place at Cavotec's booth B4.314 at Bauma Europe 2025.
Engineered for optimal performance across various applications
Cavotec has published its Annual and Sustainability Report 2024, highlighting the company’s financial performance, strategic progress, and sustainability initiatives over the past year.
David Pagels, Cavotec CEO, commented on the company’s progress:
"In 2024, we established a stronger Cavotec with higher profitability and a strengthened financial position. Thanks to the success of our change
Exciting things are on the horizon! Cavotec is set to reveal new products at Bauma Europe 2025, the world’s leading construction machinery trade fair, kicking off on 7 April in Munich, Germany.
While we can’t reveal too much just yet, we invite you to catch a glimpse of what’s coming by watching our teaser video. Stay tuned – you won't want to miss it!
Join Us for the Cavotec 50 Anniversary
“We ended 2024 with strong order intake, higher order backlog and improved operating profitability. In 2024, we have established a stronger Cavotec with higher profitability and strengthened financial position. Thanks to the success of our change programs, we have also been able to invest in product development which have further strengthened our competitiveness. With the continued good demand for
Cavotec has deepened its partnership with Qwello by signing an order for 1,000 spring cable reels for electric vehicle charging stations across Europe. The order was signed at the end of 2024.
Cavotec has appointed Jonathan Eriksson as Senior Vice President and Head of Industry Division and Nicklas Vedin as Senior Vice President and Head of Ports & Maritime Division. Patrick Mares, in Group Management since 2019, has been appointed Senior Vice President, Product Management and Chief Technology Officer.
Cavotec, a leading cleantech company, is pleased to announce the inauguration of its new production facility in Chennai, India. This strategic expansion is aimed at serving both the fast growing domestic market in India and the extensive global market.
