Cavotec has won another order for its innovative MoorMaster™ automated mooring technology for a ferry berth at the Port of Turku in Finland. The system will be delivered in 2020.
Cavotec has signed an agreement with a port operator to equip two berths at a terminal with MoorMaster™ automated mooring systems. Deliveries are scheduled to start in 2019, with the systems entering service in 2020. The order value amounts to approximately EUR 10.3 million, whereof a majority is expected to be recorded in 2019 and the remainder in 2020.
Global engineering group Cavotec has officially opened its new world-class production facility in Milan, which is set to ensure the Group’s manufacturing and supply chain excellence in the years ahead.
Global engineering group Cavotec has launched its new tagline and strategic direction statement. Two defining elements of the Cavotec identity that reflect the Group’s key role as a trusted industrial partner for a global customer base, and its intent to maximise future growth potential.
Cavotec is set to revolutionise the operation of e-vessels by delivering and maintaining its automated, unmanned, mooring system MoorMaster™ for e-ferry ports across Norway. With these orders, MoorMaster™ is now the leading technology to safely and efficiently moor e-vessels, a segment set for rapid growth.
The Board of Directors of Cavotec SA is pleased to announce that Mikael Norin has been appointed CEO of the Cavotec Group. Mikael Norin will join Cavotec on May 1, 2017 and will, after a transition period, assume full responsibility as CEO on July 1, 2017. He will be based at the company's headquarters in Lugano, Switzerland.
Global engineering group Cavotec has been awarded significant orders for its innovative systems for marine propulsion, shore power supply, and crane electrification systems, with a combined value of EUR 10 million, highlighting the Group's pivotal position in the global Ports & Maritime segment.
Cavotec SA's previously announced strategic plan and new organisational structure — based on two distinct Business Units (BU), Ports & Maritime and Airports & Industry — entered into effect on January 1, 2017.
Marine systems innovator Cavotec has won important MoorMaster™ automated mooring orders from existing MoorMaster™ customer, the Port of Salalah in Oman, for use at two container berths – another sign of the increasing acceptance of this innovative mooring technology by the global shipping sector.
Cavotec will publish its 3Q16 report on Thursday, 3 November, 2016 at approximately 12:00 CET. A conference call for shareholders, analysts and media will be held at 13:00 CET. Participating on the conference call from Cavotec will be CEO Ottonel Popesco and Kristiina Leppänen, CFO and IR. The meeting will start with some background on the 3Q16 results and will be followed by a Q&A session.
During 1H16 and the first weeks of 3Q16, leading engineering group Cavotec has won more orders for its innovative shore power systems with a total value of approximately EUR 11.5 million, underlining the Group’s central position in this growing segment, and the ports sector as a whole.
Global engineering group Cavotec has inaugurated the construction of its new, state-of-the-art R&D and manufacturing premises outside Milan for its Cavotec Specimas business, a facility that will support the continued development of key technologies that will in turn ensure future growth for the group.
