Strategy

Grow in core and adjacent businesses
We will continue to seek profitable growth within our core and adjacent businesses. Emphasis is on  organic growth, but we also actively look for opportunities through M&A.

Solve customer challenges in climate change and sustainability
Our customers are facing increasing pressure from their customers and regulation to provide a sustainable offering. We want to provide intelligent solutions that help our customers reduce their burden on the climate and solve sustainability-related challenges.

Invest in industry innovation and transformation
Continuous investments in innovation are a prerequisite for long-term success. New technologies in terms of electrification, AI, robotics, and automation are transforming Cargotec’s industries. Investments in industry innovation and transformation enable us to create  an eco portfolio offering for our customers.

Expand lifecycle services
Service business offers growth opportunities due to the low capture rate of spare parts in many areas of traditional services. We seek growth from extended service offerings and life cycle services. Promoting services and extending the life cycle of products are also key elements of the circular economy.

People and leadership
Good leadership and inclusion drive innovation and growth, as people feel safe to reveal their knowledge and talents. We continue to improve our organisational climate index.

Customer collaboration
Working closely together with our customers is the key to becoming the global leader in sustainable cargo flow. Close customer relationships and smooth collaboration are important differentiators that make us stand out from our competition.

Comprehensive climate actions
Building on the foundations laid by our Mission Climate* initiative, and recognising the need for a holistic approach to climate efforts, we strive to integrate climate actions throughout our value chain. This drives emission reductions and supports the development of sustainable innovations and capabilities.

Innovations and new business models
We want to solve industry-wide problems through intelligent solutions. We aim to develop new innovations and business models by identifying new customer needs and opportunities by leveraging our digital capabilities.

Life cycle solutions
We aim to expand our service offering from traditional maintenance and spare parts sales to providing intelligent solutions throughout the equipment life cycle. Enhancing our digital offerings to proactively address customer challenges remains a big opportunity. Through our innovative offering, we are able to serve our customers better and help them reach their circularity targets.

Operational excellence
We want to continually improve our performance and productivity to ensure a good profit position to invest in new innovations. It is important to empower the full organisation in creating lasting improvement and operational excellence.

*) The Mission Climate programme ran during 2021–2022, guiding Cargotec in achieving its climate targets throughout the value chain.

We measure the success of our strategy against the following metrics:

• customer satisfaction
• reduction of CO₂ equivalent emissions
• share of eco portfolio sales
• leadership index
• financial performance.