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Business Upturn
01-07-2025
- Business
- Business Upturn
Update on closing timetable for sale of MacGregor
By GlobeNewswire Published on July 1, 2025, 14:15 IST HIAB CORPORATION, STOCK EXCHANGE RELEASE, 1 JULY 2025 AT 12:15 PM (EEST) Update on closing timetable for sale of MacGregor Hiab (at the time Cargotec) (the 'Company') announced on 14 November 2024 that it had signed an agreement to sell its MacGregor business to funds managed by Triton (the 'Transaction'). The Transaction is subject to regulatory approvals in relevant jurisdictions. Regulatory approvals have been obtained from other jurisdictions, including the European Union, but the approval from the Chinese State Administration for Market Regulation (SAMR) is still pending. The standalone preparations and carve out of MacGregor have progressed according to plan, and the closing of the Transaction is ready to be executed once the missing regulatory approval has been obtained. Hence, the closing of the Transaction is expected by 1 October 2025, later than initially expected 1 July 2025. MacGregor has been reported as part of discontinued operations from the fourth quarter of 2024 onwards and the updated closing timetable is not expected to have significant financial impact on the Company. Hiab Corporation For further information, please contact: Mikko Puolakka, CFO, tel. +358 20 777 4000 Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670 Hiab (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on road loadhandling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. Globally, Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
27-02-2025
- Business
- Yahoo
Cargotec publishes its 2024 annual report and financial statements
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 FEBRUARY 2025 AT NOON (EET) Cargotec publishes its 2024 annual report and financial statementsCargotec's annual report 2024 and financial statements for the financial year 1 January–31 December 2024 have been published in English and Finnish. The report consists of the annual review, financial review, corporate governance statement and remuneration report. The financial review consists of the Board of Directors' report, including the sustainability statement, as well as the financial statements, and audit and assurance reports. The sustainability statement has been compiled in accordance with the European Sustainability Reporting Standards (ESRS). In accordance with European Single Electronic Format (ESEF) reporting requirements, Cargotec publishes the Board of Directors' report and the consolidated financial statements as an XHTML file, which is the official ESEF version of Cargotec's financial review 2024. In line with the ESEF requirements, the primary financial statements have been labelled with XBRL tags and notes to the financial statements with XBRL block tags. Authorised Public Accountant Firm Ernst & Young Oy has provided an independent auditor's reasonable assurance report on Cargotec's ESEF consolidated financial statements. The assurance engagement has been conducted in accordance with International Standard on Assurance Engagements ISAE 3000. The XHTML file is available in Finnish. Together with the Annual Report, Cargotec also publishes its GRI Index 2024. All materials are available on the company website at APPENDICESCargotec annual report 2024Cargotec GRI index (XHTML file, in Finnish) For further information, please contact:Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670Tytti McVeigh, Senior Sustainability Manager, Hiab, tel. +358 44 283 6013 Cargotec's (Nasdaq Helsinki: CGCBV) Hiab business is a leading provider of smart and sustainable on road load-handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. Attachments Cargotec Annual Report 2024 Cargotec GRI Index 2024 (XHTML file, in Finnish)Sign in to access your portfolio
