Konecranes

Konecranes designs and manufactures cranes and container handling equipment for shipyards and ports. Read more

Rob Smith's photo - President & CEO of Konecranes

President & CEO

Rob Smith

CEO Approval Rating

79/100

Founded:

1933

Status:

PublicMerger Pending with Cargotec CorporationNasdaq OMX NordicKCR

KONECRANES TOP COMPETITORS OR ALTERNATIVES

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Liebherr is the biggest rival of Konecranes. Liebherr was founded in 1949, and its headquarters is in Biberach, Thuringia. Liebherr operates in the Heavy Machinery & Vehicles industry. Liebherr has 31,187 more employees than Konecranes.

Cargotec has been one of Konecranes's top competitors. Cargotec is a Public company that was founded in Helsinki, Other in 2005. Cargotec competes in the Containers & Packaging industry. Cargotec has 4,361 fewer employees vs. Konecranes.

Haulotte is Konecranes's #3 rival. Haulotte was founded in 1881 in Saint-Priest, Other. Haulotte is in the Industrial Machinery & Equipment industry. Haulotte generates $3.2B less revenue than Konecranes.

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Konecranes Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3.9B

Konecranes's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 4.1B. Over the last four quarters, Konecranes's revenue has grown by 4.3%. Specifically, in Q1 2021's revenue was $826.3M; in Q4 2020, it was $1.4B; in Q3 2020, it was $898.8M; in Q2 2020, Konecranes's revenue was $792.6M.

Konecranes Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Trevolution Service SRL

Aug 2019

Source »
undisclosed
Trevolution Service is a manufacturer and provider of heavy lifting equipment for the construction industry.

These are all the companies that Konecranes has acquired. Konecranes' latest acquisition was Trevolution Service SRL in Aug 2019. Trevolution Service is a manufacturer and provider of heavy lifting equipment for the construction industry.

Konecranes Funding History

Since Konecranes was founded in 1933, it has participated in 1 round of funding. In total Konecranes has raised $104.4M. Konecranes' funding round was on May 2017 for a total of $104.4M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
May 2017
$104.4M

Solidium Oy

Since Konecranes was founded in 1933, it has participated in 1 round of funding. In total Konecranes has raised $104.4M. Konecranes' funding round was on May 2017 for a total of $104.4M

Konecranes Investments

No recent investments found related to Konecranes

These are all the companies that Konecranes has invested in. Konecranes' latest investment was Trevolution Service SRL in Aug 2019. Trevolution Service is a manufacturer and provider of heavy lifting equipment for the construction industry.

Konecranes News

May 31, 2021Warehouse and Logistics News

Making lifting equipment more affordable

Lifting equipment specialist, Konecranes, has welcomed the introduction of the tax super-deduction in... See more »
May 27, 2021PortNews

Konecranes receives $43.5 million portal jib order from US Navy

The order, worth $43.5 million, was booked in May 2021 and the jib will be delivered to the Pearl Har... See more »
May 8, 2021PortNews

Cameroonian port orders two Konecranes Gottwald Mobile Harbor Cranes to raise productivity and handling capacity

The two new cranes are Konecranes Gottwald Model 6 Mobile Harbor Cranes in the G HMK 6507 variant... See more »
May 5, 2021MarketScreener

Cameroonian port orders two Konecranes Gottwald Mobile Harbor Cranes to raise productivity and handling capacity

(marketscreener.com) Trade press releases05.05.2021 - 10:00 EEST Régie du Terminal à Conteneurs , a t... See more »
April 29, 2021Bunker Ports News

Konecranes Reports Strong orders and record-high Q1 profitability

This release is a summary of Konecranes Plc's Interim Report January-March 2021. The complete report ... See more »
April 20, 2021Bunker Ports News

Nokia, Edzcom deploy 5G SA private wireless network to support Konecranes' advanced R&D work

Nokia and Edzcom today announced that they will jointly deliver a 5G standalone (SA) private wireless... See more »
April 15, 2021PortNews

Georgia Ports Authority orders 28 Konecranes container cranes as larger ship traffic grows

The Georgia Ports Authority has ordered 20 eco-efficient Konecranes Rubber Tired Gantry cranes and 8 ... See more »

Konecranes Blogs

May 15, 2021Konecranes Blog

Konecranes Plc's Annual Report 2020 published

KONECRANES PLC STOCK EXCHANGE RELEASE March 5, 2021 at 12:00 EET Konecranes Plc's Annual Report 2020 ... See more »
May 15, 2021Konecranes Blog

Konecranes Plc: Board of Directors' organizing meeting

KONECRANES PLC STOCK EXCHANGE RELEASE March 30, 2021 at 18:15 EEST Konecranes Plc: Board of Directors... See more »
May 15, 2021Konecranes Blog

Cameroonian port orders two Konecranes Gottwald Mobile Harbor Cranes to raise productivity and handling capacity

Régie du Terminal à Conteneurs (RTC), a terminal operator in Cameroon, has ordered two ... See more »
May 15, 2021Konecranes Blog

Konecranes Plc: Interim Report January-March 2021

KONECRANES PLC INTERIM REPORT JANUARY-MARCH 2021 APRIL 28, 2021 8:30 am EEST Konecranes Plc: Interim ... See more »
May 15, 2021Konecranes Blog

Nokia, Edzcom deploy 5G SA private wireless network to support Konecranes' advanced R&D work

Network to fuel Konecranes' 5G research and digitalized solution development for factories and ports ... See more »
May 15, 2021Konecranes Blog

Stockholm Exergi orders Agilon automated warehouse solution from Konecranes

The Stockholm-based energy company Stockholm Exergi has ordered a Konecranes Agilon, an automatic mat... See more »
May 15, 2021Konecranes Blog

The Board of Directors of Konecranes Plc decided to continue the Employee Share Savings Plan

KONECRANES PLC STOCK EXCHANGE RELEASE March 30, 2021 at 18:30 EEST The Board of Directors of Konecran... See more »

Konecranes Press Releases

February 19, 2021Cision

Konecranes Plc - Managers' transactions - Mika Mahlberg

Konecranes Plc - Managers' transactions - Mika Mahlberg _________________________________________... See more »
February 8, 2021Cision

Konecranes Plc - Managers' transactions - Pivi Rekonen

Konecranes Plc - Managers' transactions - Päivi Rekonen _________________________________________... See more »
December 18, 2020Cision

CONDITIONALITIES FOR PAYMENT OF INSTRUCTION FEES IN CONSENT SOLICITATION FOR KONECRANES PLC'S NOTES DUE 2022 HAVE BEEN FULLFILLED

KONECRANES PLC STOCK EXCHANGE RELEASE 18 DECEMBER 2020 AT 14:45 EET NOT FOR DISTRIBUTION IN OR... See more »
December 16, 2020Cision

The Board of Directors of Konecranes Plc has resolved the criterion for the second measurement period of the Performance Share Plan 2020

KONECRANES PLC STOCK EXCHANGE RELEASE December 16, 2020 at 17:30 EET The Board of Directors of... See more »
December 1, 2020Cision

KONERACRANES PLC ANNOUNCES A CONSENT SOLICITATION FOR ITS EUR 250 MILLION NOTES DUE 2022 AND CONVENES A NOTEHOLDERS' MEETING

KONECRANES PLC INSIDE INFORMATION 1 DECEMBER 2020 AT 9:00 A.M. EET NOT FOR DISTRIBUTION IN OR... See more »
October 30, 2020Cision

Konecranes Plc - Managers' transactions - Ulf Liljedahl

Konecranes Plc - Managers' transactions - Ulf Liljedahl _________________________________________... See more »
October 27, 2020Cision

Changes in Konecranes Leadership Team

KONECRANES PLC STOCK EXCHANGE RELEASE October 27, 2020 at 13:45 EET Changes in Konecranes... See more »

Konecranes Videos

Social Media

Konecranes Headquarters

Koneenkatu 8 P.O. Box 661

Hyvinkaa, Southern Finland05801

358-20-427-11

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Konecranes Summary

ABOUT

Overview

Konecranes designs and manufactures cranes and container handling equipment for shipyards and ports. Konecranes was founded in 1933. Konecranes' headquarters is located in Hyvinkaa, Southern Finland, FI 05801. It has raised 104.4M in 1 round. The late...

CEO

Konecranes's President & CEO, Rob Smith, currently has an approval rating of 79%. Konecranes's primary competitors are Liebherr, Cargotec & Haulotte.

Frequently Asked Questions about Konecranes

  1. When was Konecranes founded?

    Konecranes was founded in 1933
  2. Who is Konecranes's CEO?

    Konecranes's CEO is Rob Smith
  3. How much revenue does Konecranes generate?

    Konecranes generates $3.9B in revenue
  4. How much funding does Konecranes have?

    Konecranes has historically raised $104.4M in funding
  1. Where is Konecranes's headquarters?

    Konecranes's headquarters is in Hyvinkaa Southern Finland, FI
  2. How many employees does Konecranes have?

    Konecranes has 16,738 employees
  3. What sector does Konecranes operate in?

    Konecranes is in Industrial Machinery & Equipment
  4. Who are Konecranes's competitors?

    Konecranes's top competitors are Liebherr, Cargotec, Haulotte