Regulatory approvals received for the sale of MacGregor, closing expected on 31 July 2025

Regulatory approvals received for the sale of MacGregor, closing expected on 31 July 2025

Hiab (at the time Cargotec) announced on 14 November, 2024, that it had signed an agreement to sell its MacGregor business to funds managed by Triton (the “Transaction”). On July 1, 2025, Hiab announced that all necessary regulatory approvals had been received, with the exception of approval from the Chinese State Administration for Market Regulation (SAMR).

All regulatory approvals have now been secured, and the closing of the Transaction is expected on 31 July 2025. 

MacGregor has been reported as part of discontinued operations from the fourth quarter of 2024 onwards.

Hiab Corporation

For further information, please contact:

Mikko Puolakka, CFO, tel. +358 20 777 4000

Aki Vesikallio, Vice President, Investor Relations, tel. +358 40 729 1670

Hiab (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on road loadhandling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. Globally, Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. www.hiabgroup.com