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Hiab Signs Record-Breaking €60 Million Moffett Deal with US Customer

Hiab Signs Record-Breaking €60 Million Moffett Deal with US Customer

Hiab, part of Cargotec, has signed a record-breaking agreement to supply MOFFETT M8 55.4 NX truck mounted forklifts with one of the largest home improvement chains in the USA. The deal includes five year ProCare Essential service contracts and HiConnect equipment for each unit. Total order value is over EUR 60 million. In the second quarter, EUR 31 million was booked in the order entry with EUR 29 million booked for the third quarter.

This is Hiab’s largest ever commercial deal and ProCare contract agreement, as well as the biggest single order for the Truck Mounted Forklift Business Line. Deliveries are expected to start in the third quarter 2019 and continue until May 2020. When complete, the customer will have updated a significant portion of their fleet with new connected equipment. This will enable them to collect data from a substantial part of the fleet to improve productivity, safety and get service alerts based on actual usage.

“I’m really proud that Hiab US has secured the biggest commercial order in Hiab’s history, and humbled by the confidence that has been shown in the team, our truck mounted forklifts and service excellence. We look forward to continuing to provide our long standing customer with world class products and services, so they can deliver on their promises,” says Barry McGrane, Vice President North America, Hiab.

“This is a true milestone for MOFFETT. Hiab US has landed a fantastic agreement in cooperation with the MOFFETT assembly site Dundalk. I would like to thank everybody involved from sales, to planning, and to the assembly line,” says Alexander Gelis, Director Sales and Product Business Truck Mounted Forklifts, Hiab.

MOFFETT M8 NX can transfer heavy loads quickly and safely, even across challenging terrain. While the M8 NX is incredibly powerful, it is still compact enough to be carried on almost any truck or trailer. All MOFFETTs are compliant with Tier 4 emission standards in North America & Canada and European Stage V regulations.

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