Hiab advances its EUR 19 million Raisio facility expansion
The project enhances production capacity for market-leading MULTILIFT demountables while improving energy efficiency and employee safety at the Finnish site.
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Manufacturer of load handling equipment and solutions
hiabgroup.comLast updated
In short: Hiab acquired Labrie Environmental Group for $1.035 billion and expanded its Finnish facilities to boost production and sustainability.
The project enhances production capacity for market-leading MULTILIFT demountables while improving energy efficiency and employee safety at the Finnish site.
Comparable operating profit grew to EUR 61 million, sales stable, and 2026 outlook raised to above 14.5% margin.
The USD 1,035 million deal includes Michael Eastabrook joining the leadership team.
The Integration Performance Share Programme 2026–2028 offers up to 150,000 shares to up to 15 employees based on integration milestones and financial targets.
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The expansion will modernise Hiab's production and office facilities in Raisio.
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