Cargotec’s Board of Directors has approved a demerger plan concerning the separation of Kalmar into an independent listed company, with the planned demerger completion date set for June 30, 2024.
According to this plan, Cargotec will demerge so that its assets, debts, and liabilities relating to the Kalmar business area or mainly serving the Kalmar business area are transferred to a new company named Kalmar Corporation.
The board believes that the partial demerger will improve the business performance of Kalmar and Cargotec’s other core business, Hiab, through higher agility, decisiveness, and stronger management focus.
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