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Press Release

Cargotec Strengthens its Expertise in Integrated Port Automation Technology

28/08/2007

Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire Advanced Cargo Transhipment B.V. (ACT), an automation and software producer based in the Netherlands. The acquisition will increase Kalmar's resources in automated port terminal R&D. The parties have agreed not to disclose the transaction value.
 
"ACT's innovative team is a great addition improving further our capabilities to automate container handling equipment and terminals. We are now even better prepared to face the rapidly increasing interest and demand for these solutions," states Jorma Tirkkonen, President of Kalmar Intelligence & Automation.
 
ACT, a former business unit of Frog Navigation, is an expert in developing and marketing equipment navigation control and terminal operation control hardware and software for complex logistic systems and processes in automated vehicles and equipment. Applications include straddle carriers, shuttle carriers and automated guided vehicles as well as their traffic management and control systems.
 
Kalmar has delivered and supports a fleet of close to 1,000 applications like container verification, positioning and monitoring systems, remote service monitoring software, and reporting systems.
 
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 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 sales are EUR 2.8 billion. The company employs over 10,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.