Cargotec Oyj is a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution. Cargotec was formed in June 2005 when Kone Corporation was split into two companies to be listed: Cargotec and new KONE.
After the split, KONE Corporation's container handling, load handling and marine cargo handling business units formed Cargotec. However, the businesses within Cargotec have much longer histories and have been formed through a series of mergers and acquisitions over several decades.
At the end of 2019, Cargotec had approximately 12,500 personnel working in over 100 countries.
Cargotec's major shareholders are the heirs of Pekka Herlin. Current Chairman of the Cargotec's Board of Directors is Ilkka Herlin.