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Press Release: Cargotec partners with theDOCK looking for innovative startups

PRESS RELEASE: theDOCK, a global ports, shipping and maritime logistics innovation hub based in Israel, provides Cargotec, a leading cargo handling solutions and services provider (owner of Navis, Kalmar, Hiab and MacGregor), a link to Israeli maritime-related startups. theDOCK offers Cargotec funding solutions to support portfolio and other startups meet the needs of its global business partners.

Dr. Tero Hottinen, a thought leader in maritime technology innovation, and Director, Emerging Digital Business at Cargotec Corporation, commented: “Israel is one of the key technology and startup hubs of the world and recently there has been increased activity also towards the maritime and logistics startup scene. theDOCK has shown tremendous value in being able to act as a local spider in the web connecting relevant startups with strategic interest to global corporates like us. With this partnership, we at Cargotec are really looking forward to take the collaboration to a next stage with theDOCK.”

“We are truly excited with this recent announced partnership,” said Hannan Carmeli, Founder and CEO of theDOCK. “Cargotec represents a unique opportunity for theDOCK. As a multidisciplinary leader in the sector it opens up a whole range of challenges to be addressed by
creative startups. Developing and marketing solutions ranging from sophisticated cargo handling equipment all the way to enterprise software overseeing port operations, Cargotec brings with it a broad range of opportunities for corporate-startups collaboration, hence our excitement.”

About theDOCK Innovation Hub theDOCK is a powerful enablement platform. It facilitates multi-disciplinary ideation and implementation activity and by that expedites market readiness of startups in the domain of smart port, shipping and maritime logistics technology. theDOCK was founded by veteran Israeli high-tech leaders which together with global corporate maritime leaders aim to harness all these assets to deliver practical innovation to port, shipping and maritime logistics operations. The initiative is to feature a meeting place for the mature global companies (ports, shipping, and shipyards) and aspiring creative startups. Whether early stage or late stage – effective Go-To-Market (GTM) is the main buzz. Market expertise and “lab” access provided by the industry enterprises is the secret sauce. www.thedockinnovation.com

About Cargotec
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec’s business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec’s sales
in 2018 totalled approximately EUR 3.3 billion and it employs around 12,000 people.

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