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Cargotecís BMH Marine Acquisition Approved


July 31, 2006 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 HeinistŲ
Senior Executive Vice President and CFO

Eeva Mškelš
SVP, Investor Relations and Communications

Cargotec Corporation is the worldís leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotecís 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 Cargotecís net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotecís class B shares are listed on the Helsinki Stock Exchange.


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