Cargotec Corporation

CARGOTEC CORPORATION, PRESS RELEASE 4 FEBRUARY 2021 AT 1:45 PM EET

Hiab, part of Cargotec, has signed an agreement to supply Rheinmetall MAN Military Vehicles (RMMV) with up to 4,000 MULTILIFT hooklifts from 2021 to 2027, which can lead to a value of over EUR 180 million. The initial order booked in 2020 is for 540 units.

The MULTILIFT MSH-165-CL hooklifts will be supplied by RMMV to Germany's Federal Office for Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) from 2021 to 2027.

The hooklifts will be fitted on RMMV’s robust, all-terrain-capable HX 8x8 vehicles from April 2021. Bundeswehr is increasing its number of vehicles by 2023 when Germany takes over leadership of NATO’s spearhead: the Very High Readiness Joint Task Force (VJTF).

The RMMV HX 8x8 vehicles with MSH-165-CL hooklifts can quickly lift and set down the accompanying flat racks. In addition, the vehicles can accommodate an interchangeable platform or a container via the standardised 20-foot ISO interfaces. The new fleet of vehicles will enhance the survivability and sustainment capability of Bundeswehr’s Logistics Corps, as well as strengthening its tactical flexibility.

"We are proud that RMMV and Bundeswehr have chosen our MULTILIFT hooklifts for the new fleet of vehicles. This is another example of Hiab working long term with its partners to develop the right solution. Hiab Government Business Operation long experience with defense systems made it possible to tailor the equipment to meet all necessary operational requirements, defense standards and specifications, which has been rigorously tested by RMMV and the end-user," says Frank van Dongen, Director, Government Business Operations, Hiab.

Further information:

Frank van Dongen, Director, Government Business Operations, Hiab, M: +31 651 282 454, frank.van.dongen@hiab.com

Jon Lopez, Senior Vice President, Demountables, Forestry Cranes and Waste & Recycling, Hiab, M: +46 706 008 067, jon.lopez@hiab.com

Nils Gjerstad, Senior Communication Manager, Hiab, M: +46 706 005 288, nils.gjerstad@hiab.com

About Hiab
Hiab is the world's leading provider of on-road load handling equipment, intelligent services, smart and connected solutions. Hiab’s around 4,000 employees worldwide work passionately for Hiab to be the number one partner and preferred load handling solution provider to its customers. As the industry pioneer and with a proud 75 year history, Hiab is committed to inspire and shape the future of intelligent load handling.

Hiab's class-leading load handling equipment includes HIAB, EFFER and ARGOS loader cranes, LOGLIFT and JONSERED forestry and recycling cranes, MOFFETT and PRINCETON truck mounted forklifts, MULTILIFT skiploaders and hooklifts, and tail lifts under the ZEPRO, DEL, and WALTCO brands. Hiab ProCare™ service, the award-winning HiVision™ crane operating system, or the HiConnect™ platform demonstrate Hiab’s constant drive to provide intelligent services and smart solutions that add value to its customers. www.hiab.com

Hiab is part of Cargotec Corporation. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2020 totalled approximately EUR 3.3 billion, and it employs around 11,500 people. www.cargotec.com

Attachment

• MULTILIFT MSH-165-CL on HX 8x8

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