Releases - Cavotec

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Cavotec now ready to list on NASDAQ OMX in Stockholm

9/27/2011 3:30 AM EST
Cavotec MSL is pleased to announce that the following milestones have been reached in its move towards listing on the NASDAQ OMX Stockholm:

Approval received from NASDAQ OMX Stockholm Listing Committee

Approval of the Scheme of Arrangement from New Zealand High Court

Decision to not implement a capital increase in conjunction with new listing
On Friday 23 September, the Listing Committee of the NASDAQ OMX...

Cavotec shareholders approve restructuring, OMX Stockholm listing proposal

9/1/2011 10:00 AM EST
Cavotec is delighted its shareholders have with a great majority of 92.61% voted at the meeting to support the restructuring which will result in Cavotec shareholders exchanging their shares for shares in a Swiss company, Cavotec SA, with the shares in Cavotec SA to be listed on the NASDAQ OMX Stockholm Exchange.
The next steps in the Cavotec restructuring process are as follows:

(a) Cavotec SA will lodge its...

Cavotec and INET merge strengths in the global airport market through Cavotec’s ...

8/17/2011 12:00 PM EST
Cavotec is pleased to announce that its Board of Directors has unanimously approved the acquisition of INET, a leader in the engineering and manufacturing of ground support equipment (GSE) based in USA. The acquisition is an asset deal with the consideration including the issue of 7.7 million shares at NZD 3.30 per share and a potential earn-out of maximum USD 4 million upon fulfilment of certain terms and...
A MoorMaster MM200C automated mooring unit at the Port of Salalah in Oman
 

Cavotec secures milestone order for 24 MoorMaster™ automated mooring systems

6/23/2011 9:00 AM EST
Global engineering group, Cavotec, has won an order to supply 24 MoorMaster™ MM200C automated mooring units, specifically designed for use in container port applications. The project is one of the largest Cavotec has registered to date for this innovative mooring technology.
Under the multi-million euro contract, Cavotec will manufacture, engineer, install and commission 24 MoorMaster™ MM200C units, which will...

Cavotec wins major order for advanced ground support equipment at Dubai Internat...

5/31/2011 1:00 AM EST
Global engineering group and airport systems integrator, Cavotec, has won a breakthrough order to supply advanced ground support equipment for Dubai International Airport’s new worlds largest, dedicated Emirates Airlines A380 terminal.
Cavotec is delighted to announce its latest award of a multi-million euro contract with leading construction contractor, ALEC to supply, supervise installation and commission 58...

Cavotec reports strong first quarter results

4/29/2011 9:00 AM EST
Global engineering group, Cavotec, is pleased to announce a strong start to 2011, with revenue for the Group up 33 per cent to EUR 37.7 million, and operating profit jumping 77 per cent to EUR 2.1 million.
The positive momentum from 2010 continued into the first quarter with increases in sales revenues across all Cavotec market units, creating excellent conditions for further growth in the months and years...

Cavotec MoorMaster Selected by Karara Mining for Bulk Handling Application in Au...

2/21/2011 4:00 AM EST
Cavotec’s automated mooring technology, MoorMaster™, has been selected by Australian mining company, Karara Mining Ltd., for use at their dedicated iron ore handling facility at the Port of Geraldton in Western Australia.
“Safety and sea conditions are the two major considerations with this project; issues that MoorMaster™ is uniquely equipped to handle. Cavotec looks forward to working closely with Karara to...
Leena Essén joins the Cavotec Board with effect from October 18, 2010
 

Cavotec MSL announces Leena Essén as new Board Member

10/20/2010 9:01 AM EST
Global engineering group, Cavotec MSL, is pleased to announce the election by cooptation to the Board of Directors of Leena Essén, who currently serves as Cavotec Group Financial Controller.
“On behalf of the Cavotec MSL Board of Directors, I would like to warmly welcome Leena to the Board,” commented Stefan Widegren, Cavotec Executive Chairman.

“Leena was present at the very beginning of Cavotec, and has...

Cavotec MSL mandates review of possible secondary listing on Nasdaq OMX First No...

10/20/2010 8:00 AM EST
Cavotec MSL Holdings Ltd, (NZX: CCC), is pleased to announce that its Board of Directors has granted a mandate to Sweden’s Handelsbanken to explore the possibilities surrounding a secondary listing on the Nasdaq OMX First North stock exchange (OMX). The application is subject to the normal approval process of OMX and is at the discretion of OMX.
Cavotec considers a secondary listing as an important step to...

Cavotec airports unit wins ground support equipment orders in France, Guinea, Qa...

7/1/2010 4:14 AM EST
In a raft of new projects worth a combined total of some EUR 3 million, the Cavotec engineering group is to deliver ground support systems at several airports in France, in Guinea, in Luxembourg, at Senegal’s new-build Diagne International Airport, and at Doha International Airport in Qatar.
“The technical and geographical scope of these projects illustrate how Cavotec works with a diverse range of partners to...

Cavotec

Cavotec is a leading global engineering group, supplying innovative and environmentally friendly systems to the maritime, airport, mining, and general industry sectors. To find out more about the Cavotec group, please vi...

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