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Kalmar has made an agreement to acquire a majority share of its Spanish distributor Kalmar Espana, S.A. An agent for Kalmar products since 1991, Kalmar Espana, S.A. is the leading distributor and service provider for material handling customers in Spain. The sales company also has a strong customer base within the heavy industrial handling and port industries as well as a good potential to grow its rental business.

The agreement signed with Kalmar Espana, S.A. is subject to competition authority approval. The parties have agreed not to disclose the transaction value.

Kalmar Espana, S.A. employs six people and had net sales of approximately EUR 11.3 million in 2005. Antonio deSebastian, chairman of Kalmar Espana, S.A. before the acquisition, will be the sales company new working chairman.

Spain and the Mediterranean area are very important regions for Kalmar growth, and this acquisition supports our strategy of being close to our customers’ operating environments. I’m happy to welcome Mr. deSebastian as his commitment to this market and outstanding relationship with area customers will be central to our shared success, states Kalmar CEO and President Christer Granskog.
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 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 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 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 centers, and ships. In 2005 Cargotec net sales exceeded EUR 2.3 billion. Cargotec class B shares are listed on the Helsinki Stock Exchange.