US/UK/Canada

Share

About Us

Cavotec is a leading global engineering group, supplying innovative and environmentally friendly systems to the maritime, airport, mining, and general industry sectors. To find out more about the Cavotec group, please visit our website at www.cavotec.com.

Pick a time period -
Tags ( Active)

Cavotec now ready to list on NASDAQ OMX in Stockholm

Cavotec MSL is pleased to announce that the following milestones have been reached in its move towards listing on the NASDAQ OMX Stockholm: Approval received from NASDAQ OMX Stockholm Listing Committee Approval of the Scheme of Arrangement from New Zealand High Court Decision to not implement a capital increase in conjunction with new listingOn Friday 23 September, the Listing Committee of the NASDAQ OMX Stockholm approved Cavotec’s proposed listing on the stock exchange in Stockholm, Sweden. This approval, conditional on the completion of certain administrative steps and final

Cavotec shareholders approve restructuring, OMX Stockholm listing proposal

Cavotec is delighted its shareholders have with a great majority of 92.61% voted at the meeting to support the restructuring which will result in Cavotec shareholders exchanging their shares for shares in a Swiss company, Cavotec SA, with the shares in Cavotec SA to be listed on the NASDAQ OMX Stockholm Exchange.The next steps in the Cavotec restructuring process are as follows: (a) Cavotec SA will lodge its formal listing application to have its shares listed on the NASDAQ OMX Stockholm Exchange with the listing committee of that exchange. The listing committee is scheduled to meet on

Cavotec and INET merge strengths in the global airport market through Cavotec’s acquisition of INET Airport Systems

Cavotec is pleased to announce that its Board of Directors has unanimously approved the acquisition of INET, a leader in the engineering and manufacturing of ground support equipment (GSE) based in USA. The acquisition is an asset deal with the consideration including the issue of 7.7 million shares at NZD 3.30 per share and a potential earn-out of maximum USD 4 million upon fulfilment of certain terms and conditions.INET Airport Systems, established in 1967, is headquartered in Fullerton, California and is dedicated to the design, manufacturing, installation and support of stationary and

Cavotec secures milestone order for 24 MoorMaster™ automated mooring systems

Global engineering group, Cavotec, has won an order to supply 24 MoorMaster™ MM200C automated mooring units, specifically designed for use in container port applications. The project is one of the largest Cavotec has registered to date for this innovative mooring technology.Under the multi-million euro contract, Cavotec will manufacture, engineer, install and commission 24 MoorMaster™ MM200C units, which will be used on an exposed berth at a Mediterranean Sea port. This MoorMaster™ system will deliver productivity and utilisation increases that are not possible with traditional mooring

Cavotec wins major order for advanced ground support equipment at Dubai International Airport’s dedicated Emirates A380 terminal

Global engineering group and airport systems integrator, Cavotec, has won a breakthrough order to supply advanced ground support equipment for Dubai International Airport’s new worlds largest, dedicated Emirates Airlines A380 terminal.Cavotec is delighted to announce its latest award of a multi-million euro contract with leading construction contractor, ALEC to supply, supervise installation and commission 58 Cavotec pre-conditioned air (PCAir) and 400Hz power Pop-Up pit systems at Dubai International Airport’s new Concourse 3. Delivery is due to start in Q3 this year, with commissioning

Cavotec reports strong first quarter results

Global engineering group, Cavotec, is pleased to announce a strong start to 2011, with revenue for the Group up 33 per cent to EUR 37.7 million, and operating profit jumping 77 per cent to EUR 2.1 million.The positive momentum from 2010 continued into the first quarter with increases in sales revenues across all Cavotec market units, creating excellent conditions for further growth in the months and years ahead. Cavotec's order book now stands at EUR 77.8 million, up 6.3 per cent on 1Q 2010 and 17.2 per cent stronger on FY10. The Ports & Maritime unit recorded revenues of EUR 10.1

Cavotec MoorMaster Selected by Karara Mining for Bulk Handling Application in Australia

Cavotec’s automated mooring technology, MoorMaster™, has been selected by Australian mining company, Karara Mining Ltd., for use at their dedicated iron ore handling facility at the Port of Geraldton in Western Australia.“Safety and sea conditions are the two major considerations with this project; issues that MoorMaster™ is uniquely equipped to handle. Cavotec looks forward to working closely with Karara to ensure the successful execution of this project,” says Cavotec CEO, Ottonel Popesco. Karara Mining Ltd. has ordered 12 MoorMaster™ MM200D units, for use at their dedicated bulk

Cavotec MSL announces Leena Essén as new Board Member

Global engineering group, Cavotec MSL, is pleased to announce the election by cooptation to the Board of Directors of Leena Essén, who currently serves as Cavotec Group Financial Controller.“On behalf of the Cavotec MSL Board of Directors, I would like to warmly welcome Leena to the Board,” commented Stefan Widegren, Cavotec Executive Chairman. “Leena was present at the very beginning of Cavotec, and has been instrumental in building the Group into the worldwide business it is today. Her experience and detailed insight of our global operations and customer relationships will provide an

Cavotec MSL mandates review of possible secondary listing on Nasdaq OMX First North stock exchange

Cavotec MSL Holdings Ltd, (NZX: CCC), is pleased to announce that its Board of Directors has granted a mandate to Sweden’s Handelsbanken to explore the possibilities surrounding a secondary listing on the Nasdaq OMX First North stock exchange (OMX). The application is subject to the normal approval process of OMX and is at the discretion of OMX.Cavotec considers a secondary listing as an important step to further broadening its shareholder base internationally, and to provide additional ways of maximising shareholder value. “Lower liquidity on the NZX, coupled with falls in overall

Cavotec airports unit wins ground support equipment orders in France, Guinea, Qatar and Senegal

In a raft of new projects worth a combined total of some EUR 3 million, the Cavotec engineering group is to deliver ground support systems at several airports in France, in Guinea, in Luxembourg, at Senegal’s new-build Diagne International Airport, and at Doha International Airport in Qatar.“The technical and geographical scope of these projects illustrate how Cavotec works with a diverse range of partners to develop solutions that help our clients improve efficiency and operate more sustainably,” says Ottonel Popesco, Cavotec CEO. The largest of these orders is for a fuel hydrant system

Cavotec builds on success in Chinese market with port equipment order for Dalian Huarui Heavy Industry

Maritime systems integrator, Cavotec MSL, is to supply high-voltage cable reel units and associated control reels to Chinese engineering group Dalian Huarui Heavy Industry, as part of an extension project at the Caofeidian Island Coal Terminal, located on China’s east coast.“This is an excellent vote of confidence in our customer service and advanced engineering capabilities, because Cavotec installed all the cable reels used in Phase 1 of the Caofeidian Coal Terminal project in 2007 and 2008,” says Gustavo Miller, Managing Director Cavotec Shanghai.  Cavotec will manufacture seven high-

Cavotec secures automated mooring project with Rio Tinto subsiduary

In further success for Cavotec MSL’s automated mooring system, MoorMaster™, the global engineering group is to install eight vacuum-mooring units for Hammersley Iron Pty Ltd, a subsidiary of Anglo-Australian mining group Rio Tinto, at the Dampier Fuel Wharf, located on the eastern end of the Parker Point ore wharf, in the Port of Dampier, Western Australia.“The Dampier Fuel Wharf project presents a challenging array of demands that the Cavotec team, in close coordination with the customer, are tackling. This flourishing joint effort marks a watershed in the continuing development of the

Cavotec Netherlands welcomes new Managing Director

Global engineering group, Cavotec MSL, is happy to announce the appointment of Sietse Nap as Managing Director of Cavotec Netherlands, replacing Fred Textor after 19 successful years in the position. The changeover takes effect on April 1, 2010.“We congratulate Sietse on his new role and anticipate he will continue to build Cavotec’s reputation with customers and the wider community,” says Cavotec MSL CEO, Ottonel Popesco. Nap, 33, married, holds several certificates in Mechanical and Electrical Engineering from Hogeschool van Utrecht, and joined Cavotec in January 2009, as a Sales Manager.

Cavotec to deliver fuel hydrant pits for Mumbai International Airport expansion

Global engineering group, Cavotec MSL, has received a landmark order to install 53 advanced fuel hydrant systems and related materiel at Mumbai’s Chhatrapati Shivaji International Airport (CSIA) as part of the airport’s modernisation programme.“This project is a major breakthrough for Cavotec in India, and we look forward to continuing our close cooperation with the customer, and to providing expert training and support,” says Nicklas Pihl, Managing Director of Cavotec India. Cavotec is to supply 44 hydrant pits, including Cavotec Dabico Cla-Val hydrant valves, and nine DAB-24 pits for low

Cavotec enters Argentina airports market with fuelling systems project

Global engineering group, and airport ground systems integrator, Cavotec, has reported its first airports order in Argentina with a deal to supply a range of advanced fuelling hydrants and related materiel for Buenos Aires Ezeiza International Airport.“We look forward to developing this exciting new project: working closely with customers in Argentina, to design and integrate advanced systems to airports, as we do in markets around the globe,” says Cavotec Dabico VP Sales and Marketing, Dan Foster. One of Cavotec’s three airport units, Cavotec Dabico, in conjunction with partners, Aviation

Cavotec MSL appoints new Group Manager for Investor Relations & Corporate Communications

Global engineering group, Cavotec MSL, is pleased to announce the appointment of Michael Scheepers as Group Manager, Investor Relations & Corporate Communications. Scheepers relieves the current Investor Relations Manager, John Polatz, on March 31, 2010.“Michael is uniquely well-equipped for this position; he knows Cavotec remarkably well and has extensive experience of the industries in which we operate,” says Cavotec MSL CEO, Ottonel Popesco. Having completed his academic training in The Netherlands, Scheepers started at Cavotec in 2002, where he has since held several positions,

Port Equipment Manufacturers Association wraps up successful AGM, welcomes new members

The Port Equipment Manufacturers Association (PEMA) has concluded a productive AGM and Member’s Meeting with the establishment of two working groups to lead the Association’s safety and environmental initiatives.“PEMA’s Safety and Environmental Committees have a crucial role to play in further establishing the Association's knowledge platforms both for our members and the wider industry community,” says PEMA President, Ottonel Popesco. Hannu Oja, Director Port Technology for crane manufacturer Konecranes, has been selected to chair PEMA’s Safety Committee. Stephan Johansson, Director R&D

Cavotec MSL and Vahle Group enter into worldwide cooperation

Cavotec MSL and Vahle Group are pleased to announce the start of a cooperation between the two companies with the intention to supply new, innovative systems to the Ports & Maritime industry.“We see this combined effort as a classic example of a mutually beneficial agreement,” said Ottonel Popesco, CEO of Cavotec MSL. “By marketing the full Vahle festoon range, and in particular their new, fully automated E-RTG system, we are able to offer our customers an even more complete package than ever before.” Under this cooperation both Cavotec and Vahle will start to market systems to the Ports &

Cavotec Connectors continues steady expansion with new premises in southern Sweden

Heavy-duty electrical power connector and power unit manufacturer, Cavotec Connectors, continues its solid growth with the opening of new premises in Staffanstorp, southern Sweden.“We have enjoyed consistently steady growth throughout our history and our new premises represent the latest round of our development,” says Cavotec Connectors Managing Director, Mats Tegnér. Established in 1991, Cavotec Connectors became part of global engineering group, Cavotec MSL, six years later. Initially, employing just two people, the company has grown to have a staff of 18. Cavotec Connectors designs and

AME, Nexans and SICK team up with the Port Equipment Manufacturers Association

Global cabling systems group, Nexans, control systems specialist, Advanced Microwave Engineering (AME) and sensor solutions producer SICK, are to become members of the Port Equipment Manufacturers Association (PEMA), in a move that further builds on the association’s work to improve efficiencies in the ports sector.“PEMA’s continued growth indicates both a willingness and a need to work towards an improved operational framework across the industry. We welcome our trio of new members to PEMA and anticipate them becoming key players in our activities,” says PEMA President, Ottonel Popesco.

Cavotec MSL appoints new Chief Financial Officer

Global engineering group, Cavotec MSL, is pleased to announce the appointment of a new Chief Financial Officer, Diego Fiorentini, who will relieve the current holder of the position, John Polatz, on January 1, 2010.Fiorentini comes to Cavotec MSL after nine years with Italmobiliare, the holding company of the Italcementi group, an Italian public listed company with revenues of EUR six billion that is ranked as the fifth largest cement producer in the world. At Italmobiliare, Fiorentini held positions ranging from Corporate Finance Director, Co-Head of Finance and Corporate Treasurer. Before

Global engineering group Cavotec to deliver environmentally friendly ground support systems for Bahrain International Airport

The Government of the Kingdom of Bahrain, as represented by the Bahrain Airport Company (BAC), has selected for their turn-key project, airport systems innovator Cavotec to supply and integrate a range of environmentally friendly ground service equipment for remote aircraft aprons at Bahrain International Airport, in a deal worth more than EUR 30 million.“By selecting these advanced in-ground systems BAC has made a significant step to automate their operations and further consolidate their place as a state-of-art airport. Having started in the late 1960’s Cavotec has decades of experience

Cavotec Airport market unit reports series of ground support orders in Qatar and USA

Global engineering group, Cavotec MSL, has recently signed agreements to supply ground support equipment to several commercial and military airports around the world. The total amount of these orders comes to approximately EUR 4.1 million.Cavotec MSL is to supply a range of advanced ground support systems for applications in Qatar, at New Doha International Airport (NDIA), and in the United States, including Las Vegas airport’s new international terminal and the US Air Force’s Hill air base in the state of Utah. “We are delighted that Cavotec systems have once again been selected for a

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Media