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Corporation
INDUSTRIALS | Manufacturing / Farm & Construction Machinery Manufacturing
konecranes.com

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Investments

1

Portfolio Exits

1

Partners & Customers

10

Service Providers

1

About Konecranes

Konecranes (HEL: KCR1V) is a global group of lifting businesses that serves a broad range of customers, including manufacturing and process industries, shipyards, ports, and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes.

Konecranes Headquarter Location

Koneenkatu 8

Hyvinkaa, FI-05801,

Finland

+358 20 427 11

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Latest Konecranes News

The Helsinki Stock Exchange slowed down towards the evening – Solidium refueled Valmet and Konecranes

May 21, 2022

May 20, 2022 On Friday, the Helsinki Stock Exchange struggled in the afternoon, but the sharpest rise was reversed when Wall Street stock market indices started to fall again. At the end of the week, the OMXH general index was still up 0.7 per cent by 10,825.9 points. Of the dozen most traded on the Helsinki Stock Exchange, the sharpest increases were Fortum An increase of 3.0%, Kone An increase of 3.1% and Nokia 0.5% lift. At the top Shampoo decreased by 1.0 percent Solidium stores State investment company Solidium said it had bought a engineering company for 14.3 million euros Valmetin shares. Solidium has been by far Valmet’s by far the largest single shareholder before the new deals, and big deals have been seen earlier this spring. As a result of the new transactions, it already owns approximately 17.92 million shares in the company, just over 10 percent of the share capital. The total value of the ownership pot is more than 460 million euros. Valmet’s share was down 0.2 percent. Solidium’s holding in Konecranes was also reported to have increased to more than 10 percent. Konecranes’ share was down 1.0 percent. Piippo gave the results Piippo reported preliminary figures for the first half of the year on Friday. According to the company, net sales increased during the period to EUR 11.2 million and operating profit to EUR 0.2 million. In the comparison period, net sales were EUR 7.5 million and the result was slightly positive, EUR 31,000. The company’s net sales improved due to higher delivery volumes and prices. The company significantly increased its delivery volumes in its main product groups in baling net and yarn. Contrary to the company’s previous estimate, net sales will increase clearly for the entire financial year. Piippo will publish its official semi-annual report on May 24, 2022. Piipo’s share was up 25.9 percent on a modest daily turnover. Electronics company Enedo said it had agreed on a new shareholder loan agreement and planned to hold a share issue. The company’s cash position has been challenging due to component shortages and rising inventory levels caused by a strong order backlog. Enedo’s share was down 0.3 percent. Construction company Lehto Group said on Friday morning that it had agreed on a new financing solution with Nordea and OP. The total value of the financing solution for the company is EUR 50 million. As part of the financing solution, Lehto intends to sell its plumbing repairs business, which the company has previously announced. The company now estimates that it will receive EUR 29 million from the sale. Lehto’s share was 0.4050 euros in the previous day’s closing readings. Metso Outotec has received a € 33 million pellet plant order from Oman. The order is recorded in the order backlog for the current quarter. Metso Outotec’s share was up 1.3 percent. The married said it had started a consulting firm on Friday Dovre Groupin monitoring. Previously, Dovre was completely out of analyst tracking. Evli gave the company a target price of EUR 0.70 and a buy recommendation. Evli estimates that Dovre’s current valuation level is attractive. Dovre’s share was up 2.7 percent.

Konecranes Investments

1 Investments

Konecranes has made 1 investments. Their latest investment was in MHE-Demag as part of their Corporate Minority on May 5, 2016.

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Konecranes Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/29/2016

Corporate Minority

MHE-Demag

Yes

1

Date

5/29/2016

Round

Corporate Minority

Company

MHE-Demag

Amount

New?

Yes

Co-Investors

Sources

1

Konecranes Portfolio Exits

1 Portfolio Exit

Konecranes has 1 portfolio exit. Their latest portfolio exit was STAHL CraneSystems on December 07, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/7/2016

Acquired

$99M

3

Date

12/7/2016

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

3

Konecranes Acquisitions

6 Acquisitions

Konecranes acquired 6 companies. Their latest acquisition was MHE-Demag on December 05, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/5/2019

Other

$99M

Acquired

1

8/15/2019

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$99M

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10

8/8/2016

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$99M

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10

6/8/2012

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$99M

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0

6/19/2006

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$99M

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0

Date

12/5/2019

8/15/2019

8/8/2016

6/8/2012

6/19/2006

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

0

0

Konecranes Partners & Customers

10 Partners and customers

Konecranes has 10 strategic partners and customers. Konecranes recently partnered with National Environment Agency on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/12/2021

Client

Singapore

Konecranes to supply 6 cranes to Singapore’s Tuas Nexus - Integrated Waste Management Facility (IWMF).

Konecranes has won a contract to supply 6 Waste-to-Energy cranes to Singapore 's Tuas Nexus - IWMF .

1

5/29/2020

Client

Australia

Konecranes to deliver Mobile Harbor Crane to Flinders Logistics

Konecranes regional director sales APAC Michael Green said : `` For close to a decade , we have enjoyed an excellent relationship with Flinders and we are delighted to see them grow and choose Konecranes for their new Mobile Harbor Crane purchase .

2

3/25/2020

Client

United States

Konecranes hybrid RTGs to Norfolk Southern in the US

Konecranes has been selected by US Norfolk Southern Corporation to provide five Konecranes hybrid RTGs for intermodal operations in the Chicago area .

1

1/6/2020

Vendor

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10

1/4/2020

Partner

Finland

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10

Date

8/12/2021

5/29/2020

3/25/2020

1/6/2020

1/4/2020

Type

Client

Client

Client

Vendor

Partner

Business Partner

Country

Singapore

Australia

United States

Finland

News Snippet

Konecranes to supply 6 cranes to Singapore’s Tuas Nexus - Integrated Waste Management Facility (IWMF).

Konecranes has won a contract to supply 6 Waste-to-Energy cranes to Singapore 's Tuas Nexus - IWMF .

Konecranes to deliver Mobile Harbor Crane to Flinders Logistics

Konecranes regional director sales APAC Michael Green said : `` For close to a decade , we have enjoyed an excellent relationship with Flinders and we are delighted to see them grow and choose Konecranes for their new Mobile Harbor Crane purchase .

Konecranes hybrid RTGs to Norfolk Southern in the US

Konecranes has been selected by US Norfolk Southern Corporation to provide five Konecranes hybrid RTGs for intermodal operations in the Chicago area .

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Sources

1

2

1

10

10

Konecranes Service Providers

1 Service Provider

Konecranes has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired Unit

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired Unit

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Konecranes Team

8 Team Members

Konecranes has 8 team members, including current Chief Executive Officer, President, Rob Smith.

Name

Work History

Title

Status

Rob Smith

AGCO

Chief Executive Officer, President

Current

Pekka Lundmark

Startupfactory

Chief Executive Officer, President

Former

Kari Suominen

Chief Information Officer

Former

Tuula Haataja

Vesivek, Digia, YIT, and Sonera Venture Capital

Controller

Former

Jari Karisto

Controller

Former

Name

Rob Smith

Pekka Lundmark

Kari Suominen

Tuula Haataja

Jari Karisto

Work History

AGCO

Startupfactory

Vesivek, Digia, YIT, and Sonera Venture Capital

Title

Chief Executive Officer, President

Chief Executive Officer, President

Chief Information Officer

Controller

Controller

Status

Current

Former

Former

Former

Former

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