Hydrauliska Industri AB ( Hiab ) is a Swedish manufacturer of loader cranes, container cranes, forestry cranes, forklifts and tail lifts. In some countries, "HIAB" is used as a synonym for a loader crane of any make. The company is owned by Cargotec Corporation.
The company was founded in Hudiksvall, Sweden in 1944. Eric Sundin came up with a way to connect a power truck engine to a loader crane using hydraulics. On the other side of the Gulf of Bothnia in Raisio, Finland around the same time, three brothers, Mikko, Mauno and Martti Terho developed a mechanical cable lift (Cablelift) that used the front winch of a truck. In 1949 they organized the Mulitlift Company to manufacture their innovative lifting equipment.
The roots of today's Hiab lie in a series of acquisitions since 1977, when Partek Corporation embarked on a comprehensive diversification and internationalization strategy. Founded in 1898, the Partek Corporation was one of the oldest industrial companies in Finland, initially in limestone production and later in a wide range of materials for the construction industry. In 1977, Partek decided to expand into mechanical engineering and thereby reduce their dependence on in-house construction by purchasing Multilift for the first time. Eight years later, in 1985, the company bought Hiab with its subsidiary Jonsered. In 1988 they bought Loglift, as the name refers to also manufacturing lifting equipment. The lifting side of Partek's business was expanded in 2000 with the acquisition of the Zeteco group.
KONE Corporation acquired Partek in 2002. In 2004, the lifting equipment business was renamed after its most valuable brand, HIAB. On June 1, 2005, KONE Corporation was restructured and split into new companies KONE and Cargotec Corporation (listed on the Helsinki Stock Exchange). Cargotec consists of Hiab, Kalmar and MacGREGOR.

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