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Cargotec Oyj (HEL:CGCBV) Cargotec Corporation, Press Release August 11, 2008 at 10.30 a.m. Finnish time
Cargotec's Kalmar business area providing container handling solutions has signed an agreement to acquire Argentina-based Equipos y Servicios para Terminales y Puertos SRL (ESTP). The company's sales in 2007 were close to EUR 1 million and it currently employs 17 people.
ESTP was established in 2001 in Buenos Aires, Argentina, and thereafter appointed as Kalmar's dealer for Argentina, Uruguay and Paraguay. In addition to new equipment distribution the company provides equipment commissioning, technical and spare part support, and equipment repairing and refurbishing in South America.
Acquisition of ESTP will strengthen Kalmar's distribution network and support service growth in South America.
Sender: Cargotec Corporation Eeva Mäkelä CFO
Further information for the press: Pekka Vauramo, President, Kalmar, tel. +358 (0)204 55 4873 Aija Kalander, Vice President External Communications, tel. +358 (0)40 555 1637 Further information for investors: Eeva Mäkelä, CFO, tel. +358 (0)204 55 4281
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 OMX Nordic Exchange Helsinki. www.cargotec.com
