“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 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 has signed a shore power order worth EUR 4 million with a leading global shipping company at the end of 2024. The order is yet another clear sign of the strong need to reduce emissions in marine environments.
Cavotec has signed three significant shore power orders totaling EUR 7 million for Italian ports, received at the end of 2024. These orders highlight the growing adoption of sustainable port technologies in Italy, as ports transition to more environmentally friendly operations.
Cavotec Hong Kong Limited, a wholly-owned subsidiary of Cavotec SA, has signed a Letter of Intent with Shanghai Zhenhua Heavy Industries Company Limited (ZPMC), a major publicly traded state-owned enterprise listed on the Shanghai Stock Exchange and a leader in the global heavy equipment manufacturing sector. This significant agreement, overseen by ZPMC’s principal shareholder, China Communication
“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
Cavotec has signed two major orders, totaling EUR 6.5 million, to provide its cutting-edge PowerMove shore power systems to two Mediterranean ports. These systems will support cruise ships and RoRo vessels by enabling them to connect to shore power, significantly reducing emissions and contributing to more sustainable port operations.
Cavotec is pleased to announce the successful commissioning of a MoorMaster automated vacuum mooring system at APM Terminals MedPort Tangier, Morocco. The system shortens the turnaround time of vessels at the terminal, increasing terminal productivity and lowering vessel fuel consumption.
APM Terminals Medport Tangier, part of the Tanger Med Port which ranked fourth in the world’s most efficien
“The order intake increased 11.0% in the quarter, mainly due to good demand for Ports & Maritime’s product and service offerings. Our profitability has improved steadily since the start of 2023 thanks to our extensive change programs. It is within our Ports & Maritime segment that we see the strongest improvements being realized and we are increasing our focus on implementing the same chan
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.
Cavotec is excited to announce the inauguration of our MoorMaster automated vacuum mooring system today at DP World San Antonio, the largest multipurpose port in Chile. This significant milestone marks the first implementation of an automated mooring system in South America, setting a new standard for port technology in the region.
“Our performance improved also in this quarter, proving our extensive change programs with focus on profitable growth to be effective. We are successful with our focus on the service business and the margin-improving measures are beginning to have an effect. Our business is driven by the megatrend of electrification of society and our largest segment – Ports & Maritime – is also driven by exte
Cavotec has signed a new service agreement with Port of Salalah in Oman. The agreement means that Cavotec will perform service of its 32 installed MoorMaster vacuum mooring units.
Cavotec has signed an order for shore power with a global shipping company, valued at about USD 5 million. The order includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked. Deliveries is scheduled later this year.
Cavotec has signed a service agreement with APM Terminals at the Port of Tanger Med. The agreement means that Cavotec will perform service for all its MoorMaster NxG units and Power Units operational at the port.
Cavotec has signed an agreement to divest its Airports business to US-based investment company Fernweh Group LLC.
How is Cavotec making profitable sustainability a reality for customers worldwide, ensuring a future world that is safer, more efficient, and more sustainable today? At a recent investors’ meeting event that we hosted in Stockholm and online, we set out how we’re a key enabler of profitable sustainability. We spoke to Memed Uzel, Cavotec’s Chief Commercial Officer, to find out more.
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.
When ZPMC – one of the world’s leading manufacturers of heavy duty equipment and STS cranes – needed to ensure safe, reliable, and cost efficient maintenance of STS cranes at automated container terminals in China and Morocco, they selected our advanced Radio Remote Control (RRC) units to do the job.
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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