Cargotec's MacGregor signs Pusnes mooring system contract with Shell

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE 24 NOVEMBER 2014 AT 10 AM (EET)

Cargotec's MacGregor signs  Pusnes mooring system contract with Shell

MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million.

"We are very happy to finalise this large contract," says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor. "It is strategically important to maintain our market share in the Gulf of Mexico and to maintain our position as a supplier of high-end offshore mooring systems," notes Mr Grindheim.

Further information for the press:
Jan Martin Grindheim, Vice President, Offshore Mooring Systems, MacGregor, tel. +47 37 0873 75
Heli Malkavaara, Communications Manager, MacGregor, tel. +358 20 777 4500,
heli.malkavaara@macgregor.com   

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

Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com