KONECRANES ACQUIRES SPANISH CRANE AND SERVICE COMPANY - INCREASES MARKET COVERAGE IN SPAIN

KONECRANES ACQUIRES SPANISH CRANE AND SERVICE COMPANY - INCREASES MARKET
COVERAGE IN SPAIN 

Konecranes has in mid April acquired Spanish company Ausió Sistemas de
Elevación S.L. (Ausió). The company specializes in manufacturing, sales and
service of industrial cranes and hoists. Konecranes acquired the company from
its owner, who will continue as General Manager in the company. The company has
some 100 employees and net sales of EUR 17 Million. The value of the
acquisition is not disclosed. 

Ausió is a significant player in the Spanish crane business. Ausió's
headquarters and main manufacturing facilities are located in Vic, about an
hour's drive northwest of Barcelona. The company manufactures about 600 cranes
a year. Crane sales and service are handled through Ausió's own service outlets
and through a sales network. The acquisition will expand Konecranes' existing
presence in Spain, which includes operations in Valencia, San Sebastian and
Madrid. 

“The acquisition of Ausió is strategically a very important step for
Konecranes,” says Pekka Päkkilä, President, Standard Lifting at Konecranes.
“Earlier this year, Konecranes acquired the Spanish company Eydimen 2000 S.L.
These two companies together give us excellent access to two of the most
important EOT crane and service markets in Spain - Catalonia and the Basque
region.” 

Following this acquisition Konecranes will be able to market its entire product
portfolio in Spain. Until now, Konecranes has been very active in Spanish
ports. The company is well-known and has delivered several cranes to the ports
of Valencia and Barcelona, for example. Eydimen has marketed Konecranes CXT
industrial cranes and components in the country. The acquisition of Ausió
complements our marketing network and gives an opportunity to introduce
Konecranes process cranes to the Spanish market. In addition, the service
business has much growth potential in the country. 

Further information: 
Press
Pekka Päkkilä, President, Standard Lifting
e-mail: pekka.pakkila@konecranes.com or phone: +358 20 427 3000

Financial Media and Analysts
Paul Lönnfors, Investor Relations Manager
e-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2500

This press release is available at our website www.konecranes.com

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 8,400
employees, in more than 470 locations in 43 countries. Konecranes is listed on
the OMX Nordic Exchange Helsinki (symbol: KCR1V). 

www.konecranes.com