Hiab to Buy Waste Truck Maker Labrie for 1 Billion Dollars
Finnish equipment maker Hiab has reached an agreement to purchase Canada-based Labrie Environmental Group for approximately 1.035 billion dollars. The deal is expected to close in the third quarter of 2026 and aims to strengthen Hiab's market position and profitability in North America.
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HIAB OYJ will acquire Canada-based Labrie Environmental Group for $1.035 billion to expand its North American waste management footprint. Hiab shares rose 7% in early trading on June 1, becoming a top STOXX 600 performer. The deal immediately strengthens cash generation and adds higher-margin operations to the Finnish equipment maker's portfolio.
