- Business
- Konecranes Plc Konecranes Oyj is a Finnish engineering group that manufactures and services cranes, lifting equipment, hoists, and related material handling solutions; it operates through three main business areas including Service, which provides specialized maintenance, refurbishment, repair services, and spare parts for industrial cranes and hoists of all makes; Industrial Equipment, which supplies a broad range of industrial cranes from components and light-duty applications to heavy process cranes, workstation lifting systems, wire rope hoists, digital controls, software, and automation for general manufacturing, automotive, steel, paper, and process industries; and Port Solutions, which delivers container handling equipment such as ship-to-shore cranes, mobile harbor cranes, rubber-tyred gantry cranes, reach stackers, straddle carriers, lift trucks, terminal operating systems, and supporting software and services for ports, terminals, and container handling operations. The company, founded in 1910 and headquartered in Hyvinkää, Finland, serves customers in manufacturing, metals production, power generation, pulp and paper, chemicals, raw materials, and port industries across more than 50 countries with approximately 16,800 employees. In recent developments, Konecranes completed the acquisition of Peinemann Port Services BV and Peinemann Container Handling BV in December 2024 to expand its service presence and equipment offerings, including battery electric vehicles, in Rotterdam, Europe's largest port; implemented a new operational model effective January 2025 with Industrial Service, Industrial Equipment, and Port Solutions as independent reporting segments to support growth and efficiency; acquired German crane supplier Kocks Kranbau in April 2024; and appointed Marko Tulokas as CEO in May 2025 following Anders Svensson's departure to Hexagon AB.