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
Cavotec has contributed to a landmark milestone in European port electrification, supporting recently the first-ever shore power connection of a car carrier at a European port. The achievement took place in Bremerhaven, Germany, where the 200-metre pure car and truck carrier (PCTC) Lake Shirasagi was successfully connected to shore power.
Cavotec was responsible for making the vessel shore powe
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 is excited to announce the launch of its new website — a modern platform designed to showcase the company’s long automation and electrification expertise, while making it easier for customers, partners, and other stakeholders to access the information and support they need.
The new site features an improved structure and enriched content that provide a clearer, more intuitive experience
“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.
Read the fu
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
Cavotec has successfully delivered and commissioned three MoorMaster™ automated mooring systems at the Iroquois Lock in Ontario, Canada. The systems were officially handed over to the Saint Lawrence Seaway Management Corporation (SLSMC) on June 30, 2025.
With this latest installation, Cavotec’s MoorMaster™ systems support vessel transit at nearly all locks of the St. Lawrence Seaway, with only
Cavotec has signed two additional orders with a combined value of EUR 9.35 million with a leading global container shipping company. The new orders cover shore power systems for both newly built and existing container vessels.
The first order, worth EUR 5.55 million, includes the retrofitting of Cavotec’s shore power systems on a large number of existing vessels. The projects will be carried ou
Cavotec has signed an order from Mohan Mutha Group to supply shore power systems in the Maldives. This is the first shore power installation in the Maldives and marks an important step in the country’s efforts to reduce carbon emissions in its ports. It also serves as a significant reference in the region, creating opportunities for further projects in neighbouring island nations and South Asia.
Cavotec has launched an updated Investors section on its website to provide a clearer and more intuitive experience for investors and stakeholders. The new section offers streamlined access to financial information, corporate governance, reports, and shareholder details.
This update marks the first step in a broader renewal of Cavotec.com aimed at improving navigation, design consistency, and c
“Order intake was strong during the quarter, reflecting our solid position in markets driven by the electrification of society. However, the increased global uncertainty has led to greater caution among our customers, which has affected our sales of goods and services with shorter delivery times. This has also impacted the profitability for the quarter. During the quarter, we successfully complete
We are pleased to announce that Cavotec has renewed its Service Level Agreement (SLA) with Boreal Sjø AS, a leading ferry operator in Norway. The agreement spans 3.5 years, with an option to extend for an additional year, and covers preventive maintenance and support for Cavotec systems installed on three ferry routes: Kvanndal–Utne–Kinsarvik, Skånevik–Utåker–Matre, and Molde–Vestnes. These routes
Today marks a major milestone in Cavotec’s journey as the company’s shares in the new parent company are listed on Nasdaq Stockholm in Sweden— the country where it all began in 1975. The listing was celebrated with a bell-ringing ceremony at Nasdaq Stockholm.
“We are happy to be back in Sweden,” says David Pagels, CEO of Cavotec. “Cavotec was founded 50 years ago and is established as a leading
Cavotec has signed a EUR 5 million contract with a leading port operator to supply a MoorMaster® automated vacuum mooring system to a container terminal in Morocco. Delivery is scheduled for September 2026 and includes a two-year service level agreement.
The system keeps vessels stable during operations, enabling more efficient ship-to-shore crane operations and reducing mooring time - cutting
Cavotec Wins ‘Vessel Charging Innovation of the Year’ at Electric & Hybrid Marine Awards 2025
This year’s Electric & Hybrid Marine Awards, presented at RAI Amsterdam during Electric & Hybrid Marine Expo Europe, featured a wide array of categories to recognize the scope of innovation and achievement across the maritime sector over the past 12 months. Comprising nine categories, the E
Cavotec, a global leader in electrification and automation solutions for ports and industrial applications, today announced the launch of PowerAlign – a new modular, mobile shore power solution designed specifically for container terminals.
Unveiled at TOC Europe 2025 in Rotterdam, PowerAlign is engineered to deliver safe, efficient, and reliable shore power connections – all while maintaining
