- Business
- Hiab Oyj is a Finland-based provider of smart and sustainable on-road load-handling solutions, operating globally with a strong presence in Europe, North America, and Asia-Pacific. The company manufactures and sells a broad range of equipment including loader cranes under the Hiab brand; forestry cranes under the Loglift and Jonsered brands; recycling cranes under Jonsered; truck-mounted forklifts under the Moffett brand; skip loaders, hoists, and hook lifts under Multilift and Golfab; and tail lifts under Zepro and Del brands. Hiab also offers complementary services such as maintenance, equipment warranty, spare parts, installations, digital services, and refurbished equipment. Its solutions target industries including waste and recycling, retail and last mile delivery, food and beverage, warehousing, defense, construction, forestry, and transport and logistics.
Founded in 2005 and headquartered in Helsinki, Finland, Hiab operates through business segments of Equipment and Services, with approximately 71.9% of net sales from products and 28.1% from services as of 2024. Its geographic sales distribution includes Europe/Middle East/Africa (46.2%), the United States and Canada (41.6%), Asia-Pacific (6.6%), Americas (3%), and Finland (2.6%). The company employs over 4,000 people worldwide.
Recent major changes include the company’s rebranding from Cargotec Corporation to Hiab Oyj in March 2025, reflecting its focused specialization on load-handling solutions. Hiab has undertaken strategic leadership restructuring with new appointments in key executive roles during 2025. The company announced a significant acquisition of a leading Brazilian crane manufacturer, strengthening its presence in South America. New product launches include advanced models in the Demountables and Defence division marketed in the Netherlands, a new 3.5-ton truck-mounted forklift for the European market under the Moffett brand, and the introduction of the most advanced cable hoist solution in the U.S. under the Golfab brand. Hiab is actively advancing its sustainability agenda, with revised climate targets aiming for net zero emissions by 2050. Additionally, the company is executing cost reduction programs and efficiency improvements to adapt to current market conditions while continuing to invest in growth and strategic focus areas such as North America, services, business excellence, and mergers and acquisitions.
Hiab Oyj stands as a global leader in smart, safe, and sustainable load-handling equipment and services, leveraging its extensive product portfolio and strong geographic footprint to serve diverse industrial sectors worldwide.