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Stock Exchange Release

Cargotec’s BMH Marine Acquisition Approved


7/31/2006 11:52 AM|

Stock Exchange Release, July 31, 2006 at 12.00 p.m. Finnish time

MacGREGOR, the business area providing marine cargo flow solutions within Cargotec signed an agreement to acquire BMH Marine AB, a Swedish company specializing in dry bulk handling equipment on ships and at port terminals in June 2006.

The necessary competition authority approvals, to which the acquisition was subject to, have now been received and the transaction has been closed on July 31, 2006.

Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information please contact:
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.

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