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Press release

Cargotec to Acquire Service Company in Balkan

1/15/2007

Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire Tagros d.o.o. a Slovenia-based service company. Tagros provides maintenance of container handling equipment and industrial forklifts at the Port of Koper in Slovenia. Kalmar aims also to use the acquisition of Tagros as an opportunity to build up its service and sales activities in Slovenia and the Northern Balkan Peninsula. The parties have agreed not to disclose the transaction value. The agreement signed with Tagros d.o.o. is subject to competition authority approval.
 
Privately-owned Tagros had net sales of approximately EUR 2 million in 2006 and employs some 35 employees. The Port of Koper's container terminal volumes surpassed 200,000 TEU in 2006. The port handles also large amounts of sawn timber, motor cars and bulk.
 
 
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