Cargotec acquires assets of a Danish sales and services company

Cargotec has agreed to acquire assets of a Danish sales and service company Arne Holst & Co. A/S. The company is situated in Kvistgaard, North of Copenhagen in Denmark. Both parties have agreed not to disclose the financial terms.

The acquisition includes the takeover of business assets and customer contacts, including four employees. The Managing Director of Arne Holst & Co. will continue as a consultant for a transition period.

Ismo Vaihtamo, Director Container Business, North Europe, Cargotec:
“Arne Holst & Co. has been a valued agent and service provider for Kalmar products and parts and for MacGregor lashing equipment for over 20 years. Through the acquisition we strengthen our presence as a service provider and clarify the distribution of our equipment and parts in Denmark.”

The assets of Arne Holst & Co. A/S. will be integrated to Cargotec’s subsidiary Kalmar Danmark A/S.

NOTES TO EDITORS

Cargotec improves the efficiency of cargo flows by offering solutions for the loading and unloading of goods on land and at sea – wherever cargo is on the move. Cargotec’s main daughter brands for cargo handling Hiab, Kalmar and MacGregor are global market leaders in their fields. Cargotec’s global network offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec’s sales totalled EUR 3.4 billion in 2008 and it employs approximately 11,000 people. Cargotec’s class B shares are quoted on the NASDAQ OMX Helsinki.

Cargotec’s expertise in container and heavy load handling is represented in the global marketplace by the wide range of Kalmar solutions. This includes ship-to-shore cranes, yard cranes, shuttle and straddle carriers, reachstackers, empty container handlers, terminal tractors, log stackers and automation. One-in-four container movements around the globe is handled by a Kalmar machine.

www.cargotec.com