Kalmar to acquire an industrial sales and service business in northern Sweden

Kalmar Industries has signed an agreement to acquire Truck och Maskin i Örnsköldsvik AB, a sales and service company assisting industrial handling customers in Norrland, the northern region of Sweden. The move strengthens Kalmar's sales and service presence in that area, reinforces its strategy to be a full service provider to industrial customers and increases the company's potential business in the wood handling segment.

The parties have agreed not to disclose the transaction value. The agreement is subject to competition authority approval.

"Industrial customers are an important part of Kalmar's business and the need to support this segment is increasing. This acquisition targets the growth in Sweden and bolsters Kalmar as a full-service provider in wood handling to pulp and paper mills, and sawmills,"

says Kalmar CEO and President Christer Granskog.

With a well-established reputation for providing complete service solutions to industrial handling customers, Kalmar aims to merge its existing regional organisation with that of Truck och Maskin and will assume all services and other contracts previously fulfilled by the company.

Founded in 1981 by the owner of the company, Arne Eriksson, and a former associate, Truck och Maskin i Örnsköldsvik AB employs almost 100 people located in several sites throughout Norrland.

Truck och Maskin i Örnsköldsvik AB's main activities today are the sales and service of materials handling equipment in Norrland - with a geographical area reaching from Gävle in the south to the northernmost border of Sweden. Its particular specialty is the long and short term hire of forklifts and logstackers, with or without drivers, including service contracts, to major paper/pulp mills and sawmills. The company has good coverage in Norrland within its main customer segments, with four workshops; two in Örnsköldsvik and one each in Piteå and Kramfors. The company's annual sales for the fiscal year ending 30 April 2006 were approximately EUR 14 million.

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Kalmar is a global provider of container and heavy duty materials handling equipment, automation applications and related services. It is the world's leading supplier of cargo handling equipment to ports, terminals and intermodal facilities. Every fourth container or trailer transfer at terminals around the world is handled by a Kalmar machine. The company also supplies a wide range of machines to demanding industrial customers for applications as diverse as handling steel and paper to shunting road trailers at distribution hubs.

Kalmar is also leading the way in port automation applications with its application of unmanned container handling technology, on-board smart features and remote maintenance products developed in co-operation with customers and partners.

Kalmar's product range is complemented by a large range of value added services such as maintenance contracts and fleet management. Production plants are situated in Sweden, Finland, the Netherlands, Malaysia, China and the USA. Kalmar's net sales were EUR 1.2 billion in 2006.

Kalmar is part of Cargotec Corporation, the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. In 2006 Cargotec's net sales were EUR 2.6 billion. Cargotec's class B shares are listed on the Helsinki Stock Exchange.