New Group and Management Structure

Due to the recent acquisitions of RPT and H2O Jet, as well as the new joint-venture KMT Spindle Technology, KMT introduces a new organisation based on four Business Areas. In connection with the new organisation, KMT also presents a new management structure. The new structure will be effective from 1 January 2007.

KMT will be organised in four Business Areas as follows:

KMT Waterjet, includes:
- KMT Waterjet Systems, Baxter Springs, USA
- KMT Aqua-Dyne, Houston, USA
- KMT McCartney, Baxter Springs, USA
- KMT H2O, Olympia, USA

KMT Precision Grinding, includes:
- KMT UVA, Bromma, Sweden
- KMT Lidköping, Lidköping, Sweden
- KMT NanoGrinder, Lidköping, Sweden
- KMT LMV, Lidköping, Sweden
- KMT Spindle Technology, Wafangdian, China

KMT Robotic Systems, includes:
- KMT RPT, Auburn Hills, USA
- KMT Cutting Systems, Ronneby, Sweden

KMT Sheet Metal Working, includes:
- KMT Ursviken, Ursviken, Sweden
- KMT Herber, Värnamo, Sweden

In connection with this change, KMT introduces a new Group Management consisting of:

Lars Bergström, Chief Executive Officer
Joakim Roslund, Chief Financial Officer
Per-Olof Jungqvist, Technical Director

Duane Johnson, President Business Area KMT Waterjet
Kevin McManus, President Business Area KMT Robotic Systems
Johan Westberg, President Business Area KMT Precision Grinding
Lars Bergström (CEO), President Business Area KMT Sheet Metal Working

For more information, please contact:
Lars Bergström, CEO, Karolin Machine Tool AB
Telephone: +46 8 594 211 50 or e-mail: lars.bergstrom@kmtgroup.com