Cavotec divests airport business to focus on ports and maritime

Cavotec has begun to divest its airports business in favour of its growing ports and maritime and specialised industrial applications markets.

The company has decided to focus its resources and investments in the areas of shore power, automated mooring and port and industry electrification as market trends and regulatory requirements are expected to drive significant growth in these areas.

Mikael Norin, CEO of Cavotec, said: “We are now optimising and streamlining our portfolio to enable us to focus on the fast-growing ports and maritime market for profitable sustainability solutions as well as leveraging on the technology synergies with out industry business, such as connectivity and high power and high-speed electrical charging.”