# Cargotec plans to separate Kalmar and Hiab into standalone companies

Cargotec's board initiated a process to potentially separate Kalmar and Hiab into two standalone listed companies via a partial demerger, with Kalmar's listing on Nasdaq Helsinki targeted for 2024.

- Type: Acquisition
- Announced: 2023-04-28
- Where: Helsinki, Finland
- Starts operating: 2024
- Status: announced
- Products: container handling equipment, on-road load handling equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md)
- [Kalmar](https://endata.com/companies/4960.md) (partner)
- [Kalmar](https://endata.com/companies/4960.md) (target)
- [Hiab](https://endata.com/companies/17730.md) (partner)
- [Hiab](https://endata.com/companies/17730.md) (target)

## Sources

- [heavyliftnews.com](https://www.heavyliftnews.com/cargotec-planning-to-separate-kalmar-and-hiab/), 2023-04-28: "The Board of Directors of Cargotec Corporation has decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies."
- [forkliftaction.com](https://www.forkliftaction.com/news/cargotec-plans-kalmar-hiab-separation.aspx?n=26920), 2023-05-04: "The separation of Kalmar and Hiab could unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.