Cargotec Corporation, Press Release, January 29, 2007 at 3:00 p.m. Finnish time
Cargotec Strengthens Offering to Swedish Industrial Customers
Kalmar, the business area providing container handling solutions within Cargotec,
has signed an agreement to acquire Truck och Maskin i Örnsköldsvik AB, a sales
and service company assisting heavy industrial handling customers in Norrland,
the northern region of Sweden. The move strengthens Kalmar's sales and service
presence in northern Sweden to industrial customers in the wood handling segment.
The parties have agreed not to disclose the transaction value. The agreement is
subject to competition authority approval.
Founded in 1981 by the owner of the company, Arne Eriksson and a former
associate, Truck och Maskin i Örnsköldsvik AB employs almost 100 people located
in four sites throughout Norrland. The company's main activities are the sales
and service of materials handling equipment. It has successfully included long
and short term hire of forklifts and logstackers, with or without drivers, in its
service contracts to major pulp and paper mills as well as sawmills. The
company's annual sales in the last fiscal year that ended on April 30, 2006 were
approximately EUR 14 million.
"Heavy industrial handling customers are an important part of Kalmar's business.
We offer them a broad range of solutions including the leasing and service of
equipment, and operators as well. This acquisition bolsters Kalmar as a full-
service provider in wood handling to Swedish pulp and paper mills, and saw
mills," says Kalmar President Christer Granskog.
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