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Hiab and Forterra announce strategic partnership to advance autonomy in load handling

1. Hiab and Forterra form a strategic partnership for autonomous load handling. 2. The partnership merges Forterra's autonomy platform with Hiab's load handling expertise. 3. Focus on enhancing safety and efficiency in logistics automation. 4. The collaboration aims to streamline operations and advance technology roadmaps.

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Why Bullish?

The partnership positions Hiab advantageously in a growing sector, similar to successful tech collaborations boosting stock values historically.

How important is it?

The partnership significantly positions Hiab in the automation landscape, likely affecting long-term stock performance.

Why Long Term?

The collaborative technology advancements suggest prolonged benefits for Hiab’s market presence and revenues.

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HIAB
HIAB CORPORATION, PRESS RELEASE, 9 SEPTEMBER 2025 AT 10:00 AM (EEST) Hiab and Forterra announce strategic partnership to advance autonomy in load handling Hiab, a leading provider of smart and sustainable on-road load-handling solutions, and Forterra, a leader in autonomous vehicle technology, have signed a strategic partnership agreement to boost development of autonomous trucking and load handling solutions. The agreement reflects both companies’ commitment to advancing the future of logistics through intelligent automation. Forterra’s modular autonomy platform, which has been proven in demanding, real-world environments, is being combined with Hiab’s automated load handling solutions and top-of-the-line loading/unloading expertise. The partnership aims to unlock new opportunities across load handling, workflow automation, and coordinated vehicle operations.  Forterra is the leading provider of autonomous ground systems for defense. Forterra brings more than a decade of experience deploying autonomous systems in complex and unstructured environments, including military logistics, commercial freight, and industrial operations. Forterra’s AutoDrive® system is the most deployed ground autonomy platform in defense. By automating traditionally human-controlled systems such as cranes and hooklifts, the partnership brings autonomy deeper into the logistics workflow. This shift aims at enhancing safety, improving efficiency, and allowing personnel to transfer to higher-value tasks. The initial collaboration will focus on aligning technology roadmaps and advancing integration pathways.  “With our advanced MULTILIFT Talon container handling unit, and our Driver Support technology, Hiab is laying the foundation for further advancements in autonomous load handling. We are excited about the prospect of collaborating with Forterra. This joint development will combine Hiab’s expertise in robotics and AI with Forterra’s advanced AutoDrive® platform. Through this joint initiative, our goal is to elevate autonomous capabilities of truck and load handling, ultimately enhancing sustainability and safety of our customers,” says Hermanni Lyyski, President, Demountables and Defence. “This partnership marks a step in extending autonomy across the entire logistics ecosystem,” says Forterra’s Commercial Vice President Gabe Sganga. “By aligning Forterra’s experience in autonomous systems with Hiab’s expertise in load handling, we are enabling integrated solutions that increase safety, efficiency, and adaptability for customers operating in demanding environments.” For further information, please contact: Hermanni LyyskiPresident, Demountables and Defencehermanni.lyyski@hiab.com Anu-Maaria Vaalama, Communications Director, tel. +358 407667834anumaaria.vaalama@hiab.com Hiab (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on road load-handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. Globally, Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company's continuing operations sales in 2024 totalled approximately EUR 1.6 billion and it employs over 4,000 people. www.hiabgroup.com

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