Latest Hiab News & Updates

See the latest news and media coverage for Hiab. We track all announcements, press releases, and industry mentions in real time, all in one place.

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Hiab

Manufacturer of load handling equipment

hiabgroup.com
Headquarters
Helsinki, Finland
Founded year
1944
Company type
Private company
Number of employees
1,500–5,000

Last updated

Latest news about Hiab

In short: Hiab agreed to a $1 billion acquisition of Labrie Environmental Group and expanded its US presence, despite reporting a 6% decline in 2025 sales.

Company announcements

Hiab

Hiab acquires refuse collection vehicle manufacturer Labrie Environmental Group

The USD 1,035 million acquisition strengthens Hiab's position in the North American waste and recycling market.

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Media coverage

Helsingin Sanomat

Hiab's share price rises after billion-dollar deal

Hiab's share rose more than 5 percent after the company announced it would acquire Canadian Labrie. Lifting equipment company Hiab buys garbage truck manufacturer Labrie for about 890 million euros. CEO Scott Phillip...

Forklift Action

Hiab secures EUR37 million forklift order

Hiab secures EUR37 million forklift order - Helsinki, Finland. Manitou inaugurates Indonesian subsidiary - Jakarta, Indonesia. Dematic scholarship applications open soon - Atlanta, GA, United...

Kauppalehti

Hiab receives 37 million euro order from the United States

The load handling company Hiab received a 37 million euro order from the United States. The order is recorded for Hiab in the second quarter of the year. Deliveries are expected to start in the last quarter of the year. The order includes the Hiab ProCare service agreement.

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