Overview
Konecranes is a global industrial material-handling company serving industrial and port customers. Its core business spans crane and hoist equipment and lifecycle services, as well as port and container-handling solutions.[1][2] The company is organized around Industrial Service, Industrial Equipment, and Port Solutions.[1]
For full-year 2025, Konecranes reported net sales of EUR 4,187.8 million and 16,469 employees at year-end.[3] It operates in more than 50 countries, with sales across EMEA, the Americas, and Asia-Pacific.[4] Its strategy describes an ambition to be “the partner of choice for lifting lifecycle value” and to shape “the next generation of material handling for a smarter, safer, and better world.” [5] Its history traces back to 1910, and it became independent in 1994.[6] [3][3][1][2][4][5][6]
Products & services
Konecranes’ industrial lifting products include workstation lifting systems, hoists, jib and gantry cranes, rope-hoist overhead cranes, open-winch process cranes, and equipment for hazardous environments. Its CXT overhead crane is specified for capacities up to 80 tonnes, lift heights up to 98.5 m and spans up to 30 m; the S-series covers up to 20 tonnes, with lift heights up to 36 m and spans up to 30 m. The SMARTON built-up crane is available for loads up to 250 tonnes with one trolley or 500 tonnes with two. S-series features include Hook Centering, Snag Prevention and Follow Me.[7][8][9] Process equipment includes M-series open-winch cranes listed in capacities from 6.3 to 63 tonnes, while nuclear offerings include cask- and fuel-handling equipment, polar cranes and hoists, with options such as single-failure-proof and seismic features. Agilon is a modular automated storage and retrieval system for small parts, tools and spares, with robotic retrieval, inventory visibility and ERP/WMS integration.[10][11][12][13]
Port equipment includes ship-to-shore and yard cranes, lift trucks, mobile harbor cranes, straddle carriers and automated guided vehicles.[14] The ESP.4 Generation 6 mobile harbor crane is designed for container, bulk and general/project cargo handling, with a stated 42 m working radius, 100-tonne lifting capacity and lift speed of up to 120 m/min.[15] Port automation products include automated RTG, RMG and straddle-carrier systems, AGVs, equipment controls and terminal software; its TBA Autostore terminal operating system manages container movement and storage, while the Equipment Control System schedules and operates automated cranes and AGVs.[16][17] In 2025, electrified and hybrid Port Solutions equipment accounted for 62% of sales in the relevant equipment business; the company also reported in 2026 that electric options were available across its lift-truck product family.[18][19]
Services include equipment inspections, preventive and predictive maintenance, repairs, modernization, troubleshooting and spare parts. CARE maintenance programs can incorporate TRUCONNECT condition and usage monitoring to support maintenance planning; the Konecranes Portal provides equipment data, maintenance records, manuals and parts information.[20][21][22][23] [14][18][19][7][8][9][10][11][12][13][15][16][17][20][21][22][23]
Geographic presence
Konecranes sells products worldwide and manufactures them in its own factories on all continents, supplemented by subcontractor production. It describes its manufacturing and service footprint as global.[24][25]
In FY2025, net sales were €4,187.8 million, of which €4,072.9 million came from outside Finland—about 97.3% of the total, with the remaining 2.7% attributable to Finland. These percentages are calculated from the reported figures. The company also reported €1,117.2 million of exports from Finland; this is an export-origin measure, not a breakdown by customer location.[3][26]
Konecranes had 16,469 employees worldwide at year-end 2025. The reported information does not specify employee distribution by country or region, or provide a country-by-country or regional sales breakdown.[25][3] [25][3][26][24]
Business segments
Konecranes reports three business areas: Industrial Service, Industrial Equipment, and Port Solutions [27]. In H1 2026, their approximate shares of gross segment net sales were 37%, 30%, and 33%, respectively, before internal sales and eliminations [28].
Industrial Service provides maintenance, modernizations, and spare parts for industrial cranes and hoists, with services addressing equipment safety, productivity, and lifecycle needs [29]. Industrial Equipment supplies industrial cranes, hoists, components, controls, software, and automation for applications ranging from light-duty work to demanding process environments [30].
Port Solutions supplies port and container-handling equipment, including ship-to-shore and yard cranes, lift trucks, mobile harbor cranes, straddle carriers, and automated guided vehicles, alongside related maintenance, repair, digital services, and parts [14]. [27][28][29][30][14]
Company history
Konecranes traces its origins to 1910, when KONE began as an electrical-motor repair shop in Helsinki; in 1933, KONE began manufacturing hoisting appliances. The business developed a service strategy in the 1960s, entered bulk-material handling in the 1970s, and began international expansion with the 1973 acquisition of Norway’s Wisbech-Refsum.[6][31]
Konecranes became independent from KONE on April 15, 1994, and was listed publicly in 1996.[31][32] It expanded into container-handling lift trucks with its 2004 acquisition of Sweden’s SMV Lifttrucks and broadened its UK crane business through the 2005 acquisition of Morris Material Handling.[33][34] In 2017, it completed the acquisition of Terex’s Material Handling & Port Solutions business, adding the Demag brand and expanding its industrial-crane and port-solutions businesses.[35] The proposed combination with Cargotec was abandoned in 2022 after UK regulators blocked the merger and the companies jointly canceled it.[36] [6][31][32][33][34][35][36]
Sources
- investors.konecranes.com[1]
- www.konecranes.com[2]
- KONECRANES — Full financial report (2025 Y)
- www.konecranes.com[4]
- www.konecranes.com[5]
- www.konecranes.com[6]
- www.konecranes.com[7]
- www.konecranes.com[8]
- www.konecranes.com[9]
- www.konecranes.com[10]
- www.konecranes.com[11]
- www.konecranes.com[12]
- www.konecranes.com[13]
- www.konecranes.com[15]
- www.konecranes.com[16]
- www.konecranes.com[17]
- KONECRANES — Partial financial report (2026 H 1)[19][28]
- www.konecranes.com[20]
- www.konecranes.com[21]
- www.konecranes.com[22]
- www.konecranes.com[23]
- investors.konecranes.com[24]
- investors.konecranes.com[31]
- www.konecranes.com[32]
- www.konecranes.com[33]
- www.konecranes.com[34]
- www.konecranes.com[35]
- www.konecranes.com[36]
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