Kalmar acquires Spanish Mareiport to strengthen its crane refurbishment and services capabilities globally

CARGOTEC CORPORATION, PRESS RELEASE, 7 MAY 2013 AT 1 PM (EEST)

Kalmar, part of Cargotec, has acquired total ownership in the Spanish crane refurbishment and maintenance service company Mareiport, S.A. The acquisition is a strategic step for Kalmar to become a major global crane refurbishment and services provider. Kalmar has been a minority shareholder with 30 percent ownership in the company since 2007.

Mareiport is a privately owned company established in 1985 in Algeciras, Spain. The company has been providing maintenance services for ports and terminals and refurbishment and heightening services for a large variety of different cranes, including quay cranes, rubber tyred gantry cranes, bulk cranes and large shipyard cranes especially in the Mediterranean area. In 2012, Mareiport's sales totalled approximately EUR 20 million and it employs approximately 250 people.

"There are about 5,000 units of quay cranes in operation globally. A majority of them have been in operation over ten years and are in need of refurbishments and upgrades. At the same time, our customers are looking for modifications and upgrades to their existing quay cranes to handle ever larger vessels. By acquiring full ownership in Mareiport, Kalmar will expand its crane services and refurbishment capabilities especially in Southern Europe, Middle East and Africa and together with our existing competences in Central Europe, South East Asia and East Coast USA we will be able to respond to the growing customer needs globally," says Olli Isotalo, President of Kalmar.

Kalmar has successfully delivered crane heightening projects globally utilising its advanced crane jacking system and modern technology adaptable to old crane design. Crane heightening and refurbishment is a good solution for customers who are looking for improved crane capacity with higher stacking height and extended reach at minimum cost. With dedicated technology and an experienced team, crane heightening projects can be completed in a few weeks securing minimum equipment downtime. Kalmar's crane refurbishment and heightening services fit to all equipment brands on the market.

Further information for the press
Olli Isotalo, President, Kalmar, tel. +358 20 777 4111
Maija Eklöf, Vice President Communications, Kalmar, tel. +358 20 777 4096, maija.eklof@cargotec.com 

Further information for investors
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

Kalmar offers the widest range of cargo handling solutions and services to ports, terminals, distribution centres and to heavy industry. Kalmar is the industry forerunner in terminal automation and in energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution. Through its extensive product portfolio, global service network and ability to enable a seamless integration of different terminal processes, Kalmar improves the efficiency of every move. www.kalmarglobal.com

Kalmar is part of Cargotec. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com