Cargotec's Catracom Acquisition Approved
Kalmar, the business area providing container handling solutions within Cargotec, made an agreement to acquire its Belgian distributor Catracom in September 2006. Catracom employs approximately 100 people and had net sales of approximately EUR 70 million in 2005.
The necessary competition authority approvals, to which the acquisition was subject to, have been received and the transaction has been closed.
Senior Executive Vice President and CFO
SVP, Investor Relations and Communications
For further information, please contact:
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.