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Cavotec Group AB ( (SE:CCC) ) has issued an update.
Cavotec has secured a second major contract from Australian construction and engineering firm Civmec to supply a motorised cable and hose reel package for Port Hedland in Western Australia, one of the world’s largest iron ore export hubs. The equipment, due for delivery in the first quarter of 2027, will support power transmission and dust suppression, enhancing the port’s heavy-duty material handling operations. Coming after a first reel order for Port Hedland announced in October 2025, the repeat deal deepens Cavotec’s footprint in Australia’s mining and bulk material handling market and underscores customer confidence in its reeling technology for demanding industrial environments.
The most recent analyst rating on (SE:CCC) stock is a Hold with a SEK14.50 price target. To see the full list of analyst forecasts on Cavotec Group AB stock, see the SE:CCC Stock Forecast page.
More about Cavotec Group AB
Cavotec is a leading engineering company that designs and delivers connection and electrification solutions aimed at decarbonising ports and industrial applications. With 50 years of experience, it supplies systems that improve the safety, efficiency and sustainability of operations for port and heavy-industry customers worldwide.
Average Trading Volume: 18,011
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK1.47B
Find detailed analytics on CCC stock on TipRanks’ Stock Analysis page.