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Cavotec to accelerate focus on cleantech – will invest 20 million euro to solidify leading position in expected multibillion euro market

Home / Shipping News / Port News / Cavotec to accelerate focus on cleantech – will invest 20 million euro to solidify leading position in expected multibillion euro market Cavotec to accelerate focus on cleantech – will invest 20 million euro to solidify leading position in expected multibillion euro market The fast-growing market for electrification and automation of ports around the world is estimated to be worth several billion euros in the coming years. Cavotec will invest 20 million euro in technology, engineering and business development over the next five years to strengthen its leading position and to meet the expected demand. The global Cavotec team will grow by an estimated 320 people, an increase of 60%, with two thirds being engineers.

Cavotec SA: Cavotec to accelerate focus on cleantech - will invest 20 million euro to solidify leading position in expected multibillion euro market

(1) The fast-growing market for electrification and automation of ports around the world is estimated to be worth several billion euros in the coming years. Cavotec will invest 20 million euro in technology, engineering and business development over the next five years to strengthen its leading position and to meet the expected demand. The global Cavotec team will grow by an estimated 320 people, an increase of 60%, with two thirds being engineers. We re now at an inflection point where our core markets are undergoing a drastic change where what has been niche markets for cleantech are becoming mass markets. In Europe alone, more than 2500 ports will have to drastically reduce emissions by offering Shore Power, a Cavotec specialty, to visiting ships in the next 5 - 10 years. Our automated mooring technology has an equally untapped potential with an estimated 4700 port berths world-wide suitable for automation to increase efficiency and reduce pollution. We will invest in sales, ma

Cavotec SA - Interim report January

Cavotec SA: Cavotec to focus on growing markets for sustainability solutions in Ports & Maritime and Industry - Initiates process to divest the Airports business

Cavotec SA: Cavotec to focus on growing markets for sustainability solutions in Ports & Maritime and Industry - Initiates process to divest the Airports business
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