Cargotec Signs Significant Service Contract for Load Handling Equipment

Hiab, the business area providing load handling solutions within Cargotec, has signed a significant service contract for load handling equipment. The contract covers the service of Hiab loader cranes and demountables on 548 Scania trucks used by the Dutch Army. The contract length is 13 years and worth approximately EUR 30 million. The order value will be booked evenly during the length of the contract. Hiab has also agreed to take care of damage repair including spare parts supply during the length of the contract.