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Cargotec Oyj (HEL:CGCBV) Cargotec Corporation, Press Release, November 3, 2008 at 1:15 p.m. Finnish time
Cargotec's Kalmar business area providing container handling solutions has acquired 80 % of two Italian service companies, CVS Technoports S.r.l. and CVS Service S.r.l. The remaining 20 % of the two companies' shares will remain in the ownership of the CVS Ferrari Group. The two companies' combined sales turnover in 2007 was approximately EUR 8 million and the companies currently employ 65 people.
Subsequent to the transaction, the companies will work under the name Officine Cargotec Ferrari. The companies will focus on developing the service offering towards container and material handling customers in Italy. Through the acquisition the companies will be able to offer a wide range of services related to both CVS and Kalmar equipment, as well as third party equipment.
Further information for the press: Mark Williamson, President, Kalmar EMEA, tel. +31 (0)10 294 6666
Minna Karhu, Vice President, Corporate Communications, tel. +358 (0)204 55 4630, mobile +358 (0)40 532 0007
Further information for investors: Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634
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 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 exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.
www.cargotec.com
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