Cargotec Strengthens its Service Network in Italy

Cargotec’s Kalmar business area providing container handling solutions has acquired 80 % of two Italian service companies, CVS Technoports S.r.l. and CVS Service S.r.l. The remaining 20 % of the two companies’ shares will remain in the ownership of the CVS Ferrari Group. The two companies’ combined sales turnover in 2007 was approximately EUR 8 million and the companies currently employ 65 people.

Subsequent to the transaction, the companies will work under the name Officine Cargotec Ferrari. The companies will focus on developing the service offering towards container and material handling customers in Italy. Through the acquisition the companies will be able to offer a wide range of services related to both CVS and Kalmar equipment, as well as third party equipment.

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 NASDAQ OMX Helsinki. www.cargotec.com