Cargotec Strengthens Offering to Swedish Industrial Customers
Kalmar, the business area providing container handling solutions within Cargotec, has signed an agreement to acquire Truck och Maskin i Örnsköldsvik AB, a sales and service company assisting heavy industrial handling customers in Norrland, the northern region of Sweden. The move strengthens Kalmar's sales and service presence in northern Sweden to industrial customers in the wood handling segment. The parties have agreed not to disclose the transaction value. The agreement is subject to competition authority approval.
Founded in 1981 by the owner of the company, Arne Eriksson and a former associate, Truck och Maskin i Örnsköldsvik AB employs almost 100 people located in four sites throughout Norrland. The company's main activities are the sales and service of materials handling equipment. It has successfully included long and short term hire of forklifts and logstackers, with or without drivers, in its service contracts to major pulp and paper mills as well as sawmills. The company's annual sales in the last fiscal year that ended on April 30, 2006 were approximately EUR 14 million.
"Heavy industrial handling customers are an important part of Kalmar's business. We offer them a broad range of solutions including the leasing and service of equipment, and operators as well. This acquisition bolsters Kalmar as a full-service provider in wood handling to Swedish pulp and paper mills, and saw mills," says Kalmar President Christer Granskog.
Senior Executive Vice President and CFO
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.