Cavotec to accelerate focus on cleantech - will invest 20 million euro to solidify leading position in expected multibillion euro market
Press releases • May 12, 2021 05:04 GMT
The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.
Related material Show all 4
- Cavotec secures order with Port of Stockholm for first automated mooring system in Sweden, reducing CO2 emissions by up to 5,000 tonnes per year
- Cavotec wins EUR 5M in additional cleantech orders to equip world’s largest container ships with ShorePower systems
- Cavotec wins breakthrough automated vacuum mooring order in Far East