“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 signed a multi-million euro order for its MoorMaster™ NxG automated mooring system to be installed at Port of Dublin in Ireland.
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.
“The improved profitability demonstrates that we are on the right track to build a stronger Cavotec. The markets we target are to an increasing extent driven by new regulations in the environmental field and the urgent need to reduce emissions. This, combined with our ability to further enhance our offer, gives us good momentum to continue growing with both new and existing customers.” David Pagel
The Swedish port of Gävle recently became one of the first in the world to successfully connect a tanker vessel to a shoreside electricity system provided by Cavotec.
Heralding a major breakthrough in industrial e-vehicle and e-vessel charging, global engineering group Cavotec has launched its ultra-fast Megawatt Charging System (MCS). Providing up to 3MW of power from a single connector, the MCS is a turnkey DC charging solution with grid-to-inlet functionality that supports the decarbonisation of industrial vehicles and ships.
We’re launching a brand-new charging solution at Bauma 2022 that is set to transform operational safety and efficiency at industrial applications all over the world. We’ll also be exhibiting our existing range of powerful charging and electrification technologies at the event that kicks off in Munich on 24th October. #bauma #evinfrastructure #emobility #constructionindustry #mining #tunneling
David Pagels, 54, has been appointed CEO of Cavotec SA. Pagels will assume the position as CEO of Cavotec during May 2022.
In a major development signalling Cavotec’s entry into industrial battery charging for heavy duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks. The value of this first order is over EUR 3M with a potential for follow up orders, opening up a market that is estimated to be worth several hundred million euros in the coming years.
Cavotec CEO Mikael Norin has recorded a video message in which he speaks about our performance in 2021 and the success of our focus on cleantech solutions for ports and industrial applications, and how Cavotec is now at an inflection point, where previously niche markets are becoming mass markets.
Mikael Norin has decided to leave his position as Group CEO of Cavotec. Norin is expected to leave the company later in the year when a successor is in place.
We are delighted to announce that Cavotec China has won the Excellent Supplier Award from infrastructure equipment manufacturer Epiroc, one of our key customers. The award is a tribute to the commitment of our colleagues in Shanghai and throughout Cavotec Group to creating a strong partnership with Epiroc China and helping Epiroc to improve its position on the highly competitive Chinese market.
A decade after installing MoorMaster™ automated vacuum mooring at an iron ore berth in Western Australia, Pilbara Ports Authority has now selected Cavotec to secure availability and extend lifetime of its mooring system.
Cavotec has been awarded a contract by Nidec ASI as part of their EUR 12 million deal to provide ShorePower to five cruise liner berths at Malta’s Valletta Grand Harbour. The project is part of a major EU funded initiative by Infrastructure Malta to electrify the entire harbour and reduce harmful portside ship emissions by 90%.
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.
In mid-2021, transport and logistics provider, SeaRoad, will be the first to put the next generation Cavotec vacuum mooring technology, MoorMaster NxG, into commercial operation. The new NxG units will be integrated with SeaRoad’s original MoorMaster systems installed in 2003.
Cavotec has joined CharIN, (Charging Interface Initiative), a network of companies developing global standards for charging battery powered vehicles. By bringing 40 years of experience in high-power electrification and connection technologies, Cavotec will help the network shape the future of e-vehicle charging focusing on applications that require high power, high speed charging.
Shipping companies and ports worldwide can now make every minute matter, significantly reducing fuel consumption and increasing port productivity, with simpler and faster implementation of Cavotec’s next generation automated vacuum mooring solution.
Cavotec, the world’s leading manufacturer of connection and electrification solutions for ports, airports, and a wide variety of industrial applications, will open a new innovation centre in the Netherlands at the beginning of 2021.
One of the world’s most conservative sectors is now witnessing a fundamental shift as efforts are made to transform its environmental footprint under intense pressure from its stakeholders. Across the maritime industry – typically slow to change – steps are being taken to reduce emissions and operate more sustainably, with the ultimate goal of achieving zero emissions.
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.
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