# KONECRANES

Summary updated: 2026-10-04T14:30:29.403953Z
Canonical: https://finbar.com/research/companies/konecranes

## 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](https://investors.konecranes.com/business-areas)[2](https://www.konecranes.com/port-equipment-services) The company is organized around Industrial Service, Industrial Equipment, and Port Solutions. [1](https://investors.konecranes.com/business-areas)

For full-year 2025, Konecranes reported net sales of EUR 4,187.8 million and 16,469 employees at year-end. [3](https://app.finbar.com/go?id=T5806877) It operates in more than 50 countries, with sales across EMEA, the Americas, and Asia-Pacific. [4](https://www.konecranes.com/press-releases/konecranes-plcs-annual-report-2025-published) 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](https://www.konecranes.com/about/our-strategy) Its history traces back to 1910, and it became independent in 1994. [6](https://www.konecranes.com/about/history)
[3](https://app.finbar.com/go?id=T5806877)[3](https://app.finbar.com/go?id=T5806877)[1](https://investors.konecranes.com/business-areas)[2](https://www.konecranes.com/port-equipment-services)[4](https://www.konecranes.com/press-releases/konecranes-plcs-annual-report-2025-published)[5](https://www.konecranes.com/about/our-strategy)[6](https://www.konecranes.com/about/history)

## 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](https://www.konecranes.com/en-us/equipment/overhead-cranes/rope-hoist-cranes/cxt-overhead-cranes)[8](https://www.konecranes.com/equipment/overhead-cranes/rope-hoist-cranes/konecranes-s-series-overhead-crane)[9](https://www.konecranes.com/en-us/industrial-cranes/overhead-cranes/built-up-hoist-cranes/smarton-built-up-hoist-crane) 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](https://www.konecranes.com/equipment/overhead-cranes/open-winch-cranes)[11](https://www.konecranes.com/en-us/industries/nuclear/nuclear-equipment)[12](https://www.konecranes.com/industries/nuclear/nuclear-equipment/nuclear-polar-cranes)[13](https://www.konecranes.com/warehouse-automation/agilon-automated-storage-and-retrieval-system)

Port equipment includes ship-to-shore and yard cranes, lift trucks, mobile harbor cranes, straddle carriers and automated guided vehicles. [14](https://app.finbar.com/go?id=P51307933) 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](https://www.konecranes.com/press-releases/smaller-harbor-crane-same-big-time-performance-meet-the-new-konecranes-gottwald-esp4-mobile-harbor-crane) 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](https://www.konecranes.com/port-equipment-services/container-handling-equipment/automated-container-handling)[17](https://www.konecranes.com/port-equipment-services/operational-software-services/container-terminal-operating-system-tos) 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](https://app.finbar.com/go?id=P52741506)[19](https://app.finbar.com/go?id=P142887731)

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](https://www.konecranes.com/service)[21](https://www.konecranes.com/en-gb/service/crane-inspections-and-preventive-maintenance/care-preventive-predictive-maintenance-program)[22](https://www.konecranes.com/service/predictive-maintenance-and-remote-monitoring/truconnect-remote-service-for-overhead-cranes)[23](https://www.konecranes.com/service/konecranes-portal)
[14](https://app.finbar.com/go?id=P51307933)[18](https://app.finbar.com/go?id=P52741506)[19](https://app.finbar.com/go?id=P142887731)[7](https://www.konecranes.com/en-us/equipment/overhead-cranes/rope-hoist-cranes/cxt-overhead-cranes)[8](https://www.konecranes.com/equipment/overhead-cranes/rope-hoist-cranes/konecranes-s-series-overhead-crane)[9](https://www.konecranes.com/en-us/industrial-cranes/overhead-cranes/built-up-hoist-cranes/smarton-built-up-hoist-crane)[10](https://www.konecranes.com/equipment/overhead-cranes/open-winch-cranes)[11](https://www.konecranes.com/en-us/industries/nuclear/nuclear-equipment)[12](https://www.konecranes.com/industries/nuclear/nuclear-equipment/nuclear-polar-cranes)[13](https://www.konecranes.com/warehouse-automation/agilon-automated-storage-and-retrieval-system)[15](https://www.konecranes.com/press-releases/smaller-harbor-crane-same-big-time-performance-meet-the-new-konecranes-gottwald-esp4-mobile-harbor-crane)[16](https://www.konecranes.com/port-equipment-services/container-handling-equipment/automated-container-handling)[17](https://www.konecranes.com/port-equipment-services/operational-software-services/container-terminal-operating-system-tos)[20](https://www.konecranes.com/service)[21](https://www.konecranes.com/en-gb/service/crane-inspections-and-preventive-maintenance/care-preventive-predictive-maintenance-program)[22](https://www.konecranes.com/service/predictive-maintenance-and-remote-monitoring/truconnect-remote-service-for-overhead-cranes)[23](https://www.konecranes.com/service/konecranes-portal)

## 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](https://investors.konecranes.com/overview) [25](https://app.finbar.com/go?id=T3595105)

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](https://app.finbar.com/go?id=T5806877) [26](https://app.finbar.com/go?id=P8768553)

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](https://app.finbar.com/go?id=T3595105) [3](https://app.finbar.com/go?id=T5806877)
[25](https://app.finbar.com/go?id=T3595105)[3](https://app.finbar.com/go?id=T5806877)[26](https://app.finbar.com/go?id=P8768553)[24](https://investors.konecranes.com/overview)

## Business segments

Konecranes reports three business areas: Industrial Service, Industrial Equipment, and Port Solutions [27](https://app.finbar.com/go?id=P37210071). In H1 2026, their approximate shares of gross segment net sales were 37%, 30%, and 33%, respectively, before internal sales and eliminations [28](https://app.finbar.com/go?id=T16344414).

Industrial Service provides maintenance, modernizations, and spare parts for industrial cranes and hoists, with services addressing equipment safety, productivity, and lifecycle needs [29](https://app.finbar.com/go?id=P1846765). Industrial Equipment supplies industrial cranes, hoists, components, controls, software, and automation for applications ranging from light-duty work to demanding process environments [30](https://app.finbar.com/go?id=P76250185).

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](https://app.finbar.com/go?id=P51307933).
[27](https://app.finbar.com/go?id=P37210071)[28](https://app.finbar.com/go?id=T16344414)[29](https://app.finbar.com/go?id=P1846765)[30](https://app.finbar.com/go?id=P76250185)[14](https://app.finbar.com/go?id=P51307933)

## 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](https://www.konecranes.com/about/history) [31](https://investors.konecranes.com/mergers-acquisitions)

Konecranes became independent from KONE on April 15, 1994, and was listed publicly in 1996. [31](https://investors.konecranes.com/mergers-acquisitions) [32](https://www.konecranes.com/discover/from-spin-off-to-liftoff-30-years-of-independent-konecranes) 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](https://www.konecranes.com/press-releases/kci-konecranes-acquires-smv-lifttrucks-ab-of-sweden) [34](https://www.konecranes.com/press-releases/kci-konecranes-acquires-uk-company-morris-material-handling) 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](https://www.konecranes.com/press-releases/konecranes-has-completed-the-acquisition-of-mhps-business) The proposed combination with Cargotec was abandoned in 2022 after UK regulators blocked the merger and the companies jointly canceled it. [36](https://www.konecranes.com/press-releases/the-uk-cma-blocks-the-merger-between-konecranes-and-cargotec-and-thus-the-companies-have-jointly-decided-to)
[6](https://www.konecranes.com/about/history)[31](https://investors.konecranes.com/mergers-acquisitions)[32](https://www.konecranes.com/discover/from-spin-off-to-liftoff-30-years-of-independent-konecranes)[33](https://www.konecranes.com/press-releases/kci-konecranes-acquires-smv-lifttrucks-ab-of-sweden)[34](https://www.konecranes.com/press-releases/kci-konecranes-acquires-uk-company-morris-material-handling)[35](https://www.konecranes.com/press-releases/konecranes-has-completed-the-acquisition-of-mhps-business)[36](https://www.konecranes.com/press-releases/the-uk-cma-blocks-the-merger-between-konecranes-and-cargotec-and-thus-the-companies-have-jointly-decided-to)

## Sources

1. [investors.konecranes.com](https://investors.konecranes.com/business-areas)
2. [www.konecranes.com](https://www.konecranes.com/port-equipment-services)
3. [KONECRANES — Full financial report (2025 Y), p125](https://app.finbar.com/go?id=T5806877)
4. [www.konecranes.com](https://www.konecranes.com/press-releases/konecranes-plcs-annual-report-2025-published)
5. [www.konecranes.com](https://www.konecranes.com/about/our-strategy)
6. [www.konecranes.com](https://www.konecranes.com/about/history)
7. [www.konecranes.com](https://www.konecranes.com/en-us/equipment/overhead-cranes/rope-hoist-cranes/cxt-overhead-cranes)
8. [www.konecranes.com](https://www.konecranes.com/equipment/overhead-cranes/rope-hoist-cranes/konecranes-s-series-overhead-crane)
9. [www.konecranes.com](https://www.konecranes.com/en-us/industrial-cranes/overhead-cranes/built-up-hoist-cranes/smarton-built-up-hoist-crane)
10. [www.konecranes.com](https://www.konecranes.com/equipment/overhead-cranes/open-winch-cranes)
11. [www.konecranes.com](https://www.konecranes.com/en-us/industries/nuclear/nuclear-equipment)
12. [www.konecranes.com](https://www.konecranes.com/industries/nuclear/nuclear-equipment/nuclear-polar-cranes)
13. [www.konecranes.com](https://www.konecranes.com/warehouse-automation/agilon-automated-storage-and-retrieval-system)
14. [KONECRANES — Full financial report (2025 Y), p60](https://app.finbar.com/go?id=P51307933)
15. [www.konecranes.com](https://www.konecranes.com/press-releases/smaller-harbor-crane-same-big-time-performance-meet-the-new-konecranes-gottwald-esp4-mobile-harbor-crane)
16. [www.konecranes.com](https://www.konecranes.com/port-equipment-services/container-handling-equipment/automated-container-handling)
17. [www.konecranes.com](https://www.konecranes.com/port-equipment-services/operational-software-services/container-terminal-operating-system-tos)
18. [KONECRANES — Full financial report (2025 Y), p82](https://app.finbar.com/go?id=P52741506)
19. [KONECRANES — Partial financial report (2026 H 1), p10](https://app.finbar.com/go?id=P142887731)
20. [www.konecranes.com](https://www.konecranes.com/service)
21. [www.konecranes.com](https://www.konecranes.com/en-gb/service/crane-inspections-and-preventive-maintenance/care-preventive-predictive-maintenance-program)
22. [www.konecranes.com](https://www.konecranes.com/service/predictive-maintenance-and-remote-monitoring/truconnect-remote-service-for-overhead-cranes)
23. [www.konecranes.com](https://www.konecranes.com/service/konecranes-portal)
24. [investors.konecranes.com](https://investors.konecranes.com/overview)
25. [KONECRANES — Full financial report (2025 Y), p61](https://app.finbar.com/go?id=T3595105)
26. [KONECRANES — Full financial report (2025 Y), p125](https://app.finbar.com/go?id=P8768553)
27. [KONECRANES — Full financial report (2025 Y), p60](https://app.finbar.com/go?id=P37210071)
28. [KONECRANES — Partial financial report (2026 H 1), p28](https://app.finbar.com/go?id=T16344414)
29. [KONECRANES — Full financial report (2025 Y), p60](https://app.finbar.com/go?id=P1846765)
30. [KONECRANES — Full financial report (2025 Y), p60](https://app.finbar.com/go?id=P76250185)
31. [investors.konecranes.com](https://investors.konecranes.com/mergers-acquisitions)
32. [www.konecranes.com](https://www.konecranes.com/discover/from-spin-off-to-liftoff-30-years-of-independent-konecranes)
33. [www.konecranes.com](https://www.konecranes.com/press-releases/kci-konecranes-acquires-smv-lifttrucks-ab-of-sweden)
34. [www.konecranes.com](https://www.konecranes.com/press-releases/kci-konecranes-acquires-uk-company-morris-material-handling)
35. [www.konecranes.com](https://www.konecranes.com/press-releases/konecranes-has-completed-the-acquisition-of-mhps-business)
36. [www.konecranes.com](https://www.konecranes.com/press-releases/the-uk-cma-blocks-the-merger-between-konecranes-and-cargotec-and-thus-the-companies-have-jointly-decided-to)

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