Hiab tops STOXX on North America waste truck deal

Hiab Oyj

01/06/2026 08:25

** Shares in Hiab HIAB.HE jump 7% after the Finnish on-road load-handling equipment maker announced the acquisition of Canadian garbage truck maker Labrie
** The group expects the $1.035 billion deal to immediately strengthen cash generation once completed
** Hiab has secured deal financing for the deal from Danske Bank and OP Corporate Bank
** Growing in North America is an essential part of its strategy
** The stock enjoys its best day in a month and is the second best performer on pan-European STOXX 600 index  

 (Reporting by Izabela Niemiec)
 ((izabela.niemiec@thomsonreuters.com))