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Press release

Cargotec Strengthens Further Its Presence in Australian Load Handling

2/20/2008

Hiab, the business area providing load handling solutions within Cargotec has signed an agreement to acquire 70 percent of the operations of an Australian company O'Leary's Material Handling Services.
 
O'Leary's Material Handling Services, located in Perth, is the leading company in Western Australia that supplies, installs and provides service for tail lifts. The company employs 24 persons and the sales in 2007 were approximately EUR 2.6 million.
 
Sender:
Cargotec Corporation
 
Eeva Mäkelä
CFO
 
For further information, please contact:
Pekka Vartiainen, President, Hiab, tel. +358 204 55 4264
Minna Karhu, Vice President, Corporate Communications, tel. +358 2 412 1516
 
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive repair and maintenance services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales are EUR 3 billion and the company employs over 11,000 people. Cargotec's class B shares are quoted on the OMX Nordic Exchange Helsinki.