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Press release

Cargotec Strengthens its Presence in Spain

12/18/2006

Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire the majority of the shares of its Spanish distributor Kalmar Espana, the leading distributor and service provider for material handling customers in Spain. The parties have agreed not to disclose the transaction value. The acquisition is subject to relevant competition authority approval.
 
Kalmar Espana S.A has a strong customer base within the heavy industrial handling and port industries as well as a good potential to grow its rental business. The company employs six people and had net sales of approximately EUR 11 million in 2005. 
 
Sender:
Cargotec Corporation
 
Kari Heinistö                                                   
Senior Executive Vice President and CFO    
 
Eeva Mäkelä
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