Cargotec Corporation, Press Release, January 15, 2007 at 10.00 a.m. Finnish time
Cargotec to Acquire Service Company in Balkan
Kalmar, the business area providing container handling solutions within Cargotec,
has made an agreement to acquire Tagros d.o.o. a Slovenia-based service company.
Tagros provides maintenance of container handling equipment and industrial
forklifts at the Port of Koper in Slovenia. Kalmar aims also to use the
acquisition of Tagros as an opportunity to build up its service and sales
activities in Slovenia and the Northern Balkan Peninsula. The parties have agreed
not to disclose the transaction value. The agreement signed with Tagros d.o.o. is
subject to competition authority approval.
Privately-owned Tagros had net sales of approximately EUR 2 million in 2006 and
employs some 35 employees. The Port of Koper's container terminal volumes
surpassed 200,000 TEU in 2006. The port handles also large amounts of sawn
timber, motor cars and bulk.
Sender:
Cargotec Corporation
Kari Heinistö Eeva Mäkelä
Senior Executive Vice President and CFO SVP, Investor Relations and
Communications
For further information, please contact:
Christer Granskog, President, Kalmar, tel. +358 204 55 4776
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
Cargotec Corporation is the world's leading provider of cargo handling solutions,
which are used in local transportation, terminals, ports, distribution centers,
and ships. Cargotec's operations are divided into three strong, global business
areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own
segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company
employs some 8,000 people and has activities in more than 160 countries.
Cargotec's class B shares are listed on the Helsinki Stock Exchange.
www.cargotec.com