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Stock Exchange release

Cargotec’s All Set Marine Lashing Acquisition Approved

11/22/2005


11/22/2005 8:25 AM
|
November 22, 2005
MacGREGOR, the business area providing marine cargo flow solutions within Cargotec, reached an agreement to acquire All Set Marine Lashing specialized in providing container securing equipment in July, 2005.

The necessary competition authority approvals, to which the acquisition was subject to, have now been received and the transaction has been closed on November 21, 2005.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Kari Heinistö, Senior Executive Vice President and CFO, tel. +358 204 55 4542

Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004. The company has approximately 7,400 employees and operates in over 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.

www.cargotec.com