Cavotec has signed an order valued at approximately EUR 13 million for the supply of MoorMaster automated vacuum mooring systems for a special application in North America. Deliveries are scheduled between October 2027 and March 2028.
The MoorMaster systems will help ensure safe, reliable, and efficient vessel operations. Cavotec has over 20 years of experience in automated vacuum mooring and M
Cavotec announces that Chief Financial Officer Joakim Wahlquist has decided to leave the company for another assignment. The recruitment process for a successor has been initiated. Joakim Wahlquist will remain in his role until a replacement is appointed or the latest until September 2026, to ensure an effective handover.
“Cavotec has an attractive offer in an exciting industry,” says Joakim Wa
Cavotec has received an order valued at approximately EUR 3 million for shore power systems to be deployed across several ports in southern Italy.
The order covers the supply of a range of Cavotec shore power technologies, including PowerFeed, PowerReach, and PowerMove systems. The solutions will enable vessels such as cruise, container and RoRo ships to connect to shore-side electricity while
“During the fourth quarter, sales growth was healthy, cash flow increased strongly and we strengthened our financial position. However, we see that customers remain cautious and for the full year 2025 we report a negative result. In light of this, we have decided to initiate cost-saving measures in 2026 to build a stronger Cavotec. The activities and related costs will be presented in the first qu
The Nomination Committee in Cavotec Group AB proposes Niklas Edling as new Chairman of the Board at the Annual General Meeting on 2 June 2026. Current Chairman Patrik Tigerschiöld has informed the Nomination Committee that he declines re-election.
Niklas Edling has been a member of Cavotec’s Board since 2019 and member of the Audit Committee. He is also CEO of Nodica Group AB and member of the
Cavotec has signed an order with TAKRAF India Pvt. Ltd. for the supply of cable and hose reel systems for one of Morocco's largest companies that processes and manufactures phosphate and sulphur.
The order comprises seven cable reel systems and six hose reel systems. The systems will provide safe and reliable power and fluid supply to bulk material handling equipment operating in harsh environm
Cavotec has signed another contract with Australian construction and engineering company Civmec for the supply of a motorised cable and hose reel package to Port Hedland, Western Australia, one of the world’s largest iron ore export facilities. The system will ensure reliable cable and hose reeling to support power transmission and dust suppression operations at the port, strengthening the site’s
Cavotec has appointed Erik Lyrvall, Head of Strategy and M&A, as a member of Cavotec’s Group Management. Erik joined Cavotec in autumn 2024 when he took up the position of Head of Strategy.
In his role, Erik is responsible for driving the group’s strategic direction, leading M&A activities, evaluating partnerships and go-to-market strategies, and recommend initiatives to enhance operat
Cavotec has signed an order valued at approximately EUR 2 million for its MoorMaster NxG automated vacuum mooring technology from Danish ferry operator Molslinjen A/S. The systems will be delivered to the ports of Odden and Aarhus, supporting the operation of high-capacity battery-powered catamarans on one of Denmark’s busiest ferry routes.
MoorMaster NxG will fully automate vessel mooring and
Cavotec has signed a new cooperation agreement with Shanghai Zhenhua Heavy Industry (ZPMC) on November 7, 2025.
Under this strategic alliance, Cavotec will provide ZPMC with advanced automation and electrification solutions, leveraging the strengths of both companies to enhance collaboration and advance sustainable, innovative, and efficient infrastructure in ports and terminals worldwide.
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“Order intake was in line with the same period last year after a strong second quarter, driven by good demand for our shore power solutions and MoorMaster automatic mooring systems. Our order backlog amounts to EUR 125.8 million where growth is driven by customers’ need to electrify industrial applications, reduce greenhouse gas emissions and increase efficiency.” David Pagels, CEO.
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Cavotec has signed a contract with Australian construction and engineering company Civmec for the supply of a motorised cable reel to be installed at Port Hedland, Western Australia, one of the world’s largest iron ore export facilities.
This marks Cavotec’s first major collaboration with Civmec, further strengthening Cavotec’s presence in Australia’s mining and bulk material handling sector. D
