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Press Release

Cargotec Signs Service Agreement with Grimaldi Group

12/06/2007

Cargotec's MacGREGOR business area providing marine cargo handling solutions has signed a three-year service agreement with Italian Grimaldi Group. According to the agreement MacGREGOR takes full responsibility for the maintenance of selected cargo handling equipment on 26 Grimaldi RoRo ships. The contract scope is the highest level of MacGREGOR's Onboard Care service concept, Total Onboard Care. The value of the contract is approximately EUR 5 million.
 
MacGREGOR and Grimaldi Group have cooperated for years in services as well as in new equipment. This present service agreement ensures proactive maintenance in Grimaldi's ships and their uninterrupted operation.  
 
 
Sender:
Cargotec Corporation
 
Kari Heinistö
Senior Executive Vice President and CFO
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Mario Greiner, Vice President, Business Development, MacGREGOR, tel. +358 204 55 4543
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
 
Cargotec is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's net sales are EUR 2.7 billion. The company employs over 9,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.
 
www.cargotec.com