Cargotec becomes a leaseholder at Technology and Competence Centre facilities in Tampere
CARGOTEC CORPORATION, PRESS RELEASE, 4 JUNE 2013 AT 16.00 (EEST)
Cargotec has on Tuesday, 4 June 2013, signed an agreement to sell Technology and Competence Centre facilities in Tampere, Finland to W.P. Carey, a real estate investment trust in the United States. Cargotec will continue its business at the premises as leaseholder with a 20-year contract. The transaction value is approximately EUR 38.5 million with no material impact on Cargotec's Q2 profitability.
This agreement aligns with Cargotec's aim of focusing on its core businesses, offering optimum cargo handling solutions to customers. Cargotec has invested in the construction of the Tampere Technology and Competence Centre, one of the most energy-efficient office buildings in Finland, over the period 2011-2013. In March, the centre was awarded the international BREEAM environmental certificate.
W. P. Carey Inc. is a publicly traded real estate investment trust in the United States that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of approximately USD 15.2 billion.
Further information for media:
Matti Sommarberg, Executive Vice President, Chief Technology Officer, Cargotec, tel. +358 20 777 4108
Anne Westersund, Senior Vice President, Communications and Public Affairs, tel. +358 20 777 4460
Further information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com