Cargotec Corporation (HLSE:CGCBV) will look for acquisitions. Mika Vehvilainen, Chief Executive Officer, said "we will leverage our strong balance sheet to accelerate the growth through mergers and acquisitions and investments in our core capabilities". Mika Vehvilainen added, "Also in Hiab, the technology plays increasingly important role and the electrification -- with the electrification of the truck fleets and then automation making the deliveries more easily for lower qualified operator are important value drivers for our customers.

And the technology development and investments in Hiab will further drive opportunities for growth and margin expansion. Also, as Hiab has multiple adjacent opportunities, we have a solid pipeline of acquisitions, and we also have a track record of delivering successful acquisitions such as the Effer and Galfab that was announced at the end of last year. And we keep on pursuing those M&A opportunities, both in terms of product adjacencies as well as the geographical expansions".