Large orders for WALTCO tail lifts in the US

CARGOTEC CORPORATION, PRESS RELEASE, 5 JANUARY 2022 AT 10:00 AM EET

Hiab, part of Cargotec, has received two large orders for a combined value of EUR 10.2 million for WALTCO tail lifts in the US. The orders will be booked in Cargotec’s Q4 2021 order intake.

There is great interest for WALTCO tail lifts from rental fleet customers in the US as final mile deliveries are growing in popularity. Two commercial rental and leasing companies have placed orders for EUR 4.4 million and EUR 5.8 million for WALTCO tail lifts during the fourth quarter, which will be delivered in the first and second quarter of 2022.

“WALTCO tail lifts are reliable, safe and easy to operate so they are perfectly suited for the tough demands of rental businesses all across the US. The tail lifts are produced in the US and can quickly be delivered to the customers and Hiab’s nationwide service network is available to assist with planned maintenance and repairs,” says Martin Saint, Acting Senior Vice President, Tail Lift, Hiab.

All WALTCO tail lifts are produced in Streetsboro, Ohio, USA, part of the greater Cleveland area.

Further information:

Martin Saint, Acting Senior Vice President, Tail Lift, Hiab, m: [phone], [e-mail]

Nils Gjerstad, Senior Communication Manager, Hiab, m: [phone], [e-mail]

About Hiab
Hiab is the world's leading provider of on-road load handling equipment, intelligent services, smart and connected solutions. Hiab’s around 3,400 employees worldwide work passionately for Hiab to be the number one partner and preferred load handling solution provider to its customers. As the industry pioneer and with a proud 75 year history, Hiab is committed to inspire and shape the future of intelligent load handling.

Hiab's class-leading load handling equipment includes HIAB, EFFER and ARGOS loader cranes, LOGLIFT and JONSERED forestry and recycling cranes, MOFFETT and PRINCETON truck mounted forklifts, MULTILIFT skiploaders and hooklifts, and tail lifts under the ZEPRO, DEL, and WALTCO brands. Hiab ProCare™ service, the award-winning HiVision™ crane operating system, or the HiConnect™ platform demonstrate Hiab’s constant drive to provide intelligent services and smart solutions that add value to its customers. www.hiab.com
Hiab is part of Cargotec Corporation. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2020 totalled approximately EUR 3.3 billion, and it employs around 11,000 people. www.cargotec.com

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