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Kalmar, the business area providing container handling solutions within Cargotec, has made an agreement to acquire its Belgian distributor Catracom. Catracom has been distributing Kalmar equipment since 1985. Catracom has a strong service set-up in the port of Antwerp as well as equipment rental business at ports and heavy industry customers in Belgium. The agreement signed between Cargotec and Catracom is subject to competition authority approval. The parties have agreed not to disclose the transaction value.

Catracom employs approximately 100 people and had net sales of approximately EUR 70 million in 2005. Catracom owner and Managing Director Ludwig Callens will continue with the business.

Catracom has been a strong partner for Kalmar in Belgium for many years. This acquisition supports our strategy of being close to our customers at major ports and container terminals around the world. It significantly strengthens our existing service offering and network in the port of Antwerp, states Kalmar President Christer Granskog.

The port of Antwerp handled 6.5 million TEUs in 2005.

Note to editors:

Kalmar is a global provider of container and heavy duty materials handling equipment, automation applications and related services. It is the world's leading supplier of cargo handling equipment to ports, terminals and intermodal facilities.

Every fourth container or trailer transfer at terminals around the world is handled by a Kalmar machine. The company also supplies a wide range of machines to demanding industrial customers for applications as diverse as handling steel and paper to shunting road trailers at distribution hubs. Kalmar is also leading the way in port automation applications with its application of unmanned container handling technology, on-board smart features and remote maintenance products developed in co-operation with customers and partners.

Kalmar's product range is complemented by a large range of value added services such as maintenance contracts and fleet management. Production plants are situated in Sweden, Finland, the Netherlands, Malaysia, China and the USA. Kalmar net sales were EUR 1,147 million in 2005.

Kalmar is part of Cargotec Corporation, the world leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. In 2005 Cargotec net sales exceeded EUR 2.3 billion. Cargotec class B shares are listed on the Helsinki Stock Exchange.

More information:
aija.kalander@kalmarind.com