Cargotec, the Finnish manufacturer of cargo-handling equipment and cranes, said it is merging its business units Hiab and Kalmar and reorganizing the company.
As a result of the merger, Cargotec will consist of two business areas: Marine, which comprises the current MacGregor business area, and Industrial and Terminal, which comprises current Hiab and Kalmar business areas.
Cargotex said Olli Isotalo remains at the head of the Marine business as executive vice president.
Pekka Vauramo heads the Industrial and Terminal business as senior executive vice president.
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