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KCI KONECRANES ACQUIRED 100% OWNERSHIP STAKE IN MMH HOLDINGS, INC. AND UPS ITS FULL YEAR 2006 GUIDAN

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KCI KONECRANES PLC  STOCK EXCHANGE RELEASE  7 June, 2006  10.00 a.m.   1 (2)


KCI KONECRANES ACQUIRED 100% OWNERSHIP STAKE IN MMH HOLDINGS, INC. AND UPS ITS
FULL YEAR 2006 GUIDANCE

KCI Konecranes raises its sales growth guidance for year 2006 to exceed 35% over
2005 compared to the previous guidance of over 25%. The revision to previously
announced guidance is primarily the result of the acquisition of MMH Holdings,
Inc., the owner of U.S. based Morris Material Handling, Inc. Furthermore, KCI
Konecranes sees continued good market conditions and currently no signs of slow
down in market demand.

Konecranes Inc.'s subsidiary, HMM Acquisition Corp., further increased its stake
in MMH Holdings, Inc. to 96.7% and then completed a short form merger as a result
of which Konecranes, Inc. now owns 100% of MMH Holdings, Inc. shares.

The total acquisition price for the 100% ownership amounts to approximately USD
64.6 M. The net debt amounts to approximately USD 5 M which gives a total
enterprise value of approximately USD 70 M. MMH Holdings, Inc will be
consolidated into the KCI Konecranes Group figures as of 1 June 2006.
Operationally MMH Holdings, Inc. continues as an independent entity within the
KCI Konecranes Group.

Morris Material Handling Inc. and its subsidiaries (MMH) had annual sales of
approximately USD 170 M in fiscal year 2005, which ended 31 October 2005. First
half of fiscal year 2006 sales were USD 102 M, with an operating profit of USD
5.5 M (5.4 % of sales). MMH is expected to generate sales of approximately EUR 90
M for the period June-December 2006, with an estimated EBITDA margin of 8% and an
EBIT margin of 6%. The current order book stands at approximately EUR 77 M.

The acquisition is expected to be earnings per share (EPS) accretive before
synergies, adding approximately EUR 0.03 to KCI Konecranes EPS in year 2006. On
an annualised level the positive impact before synergies equals to EUR 0.06 per
share. The acquisition will temporarily increase the KCI Konecranes Group's
gearing and lower the solidity, but this effect is expected to be mitigated by
positive future cash flows.

With over 120 years of history in North America, Morris Material Handling, Inc.,
is a recognised player in the maintenance service and overhead crane industry.
The addition of MMH's product ranges especially for the steel industry
complements KCI Konecranes' offering. The acquisition also brings new
opportunities for growth in Maintenance Services through the large installed base
of MMH cranes. Through its subsidiaries MMH has local operations in Canada,
Mexico and Chile.

A live webcast of Pekka Lundmark's presentation today on 7 June 2006 at KCI
Konecranes' Capital Markets Day is scheduled for 10:20 am Helsinki time and can
be followed on www.konecranes.com.

KCI Konecranes will report its half year 2006 results on Thursday, 3 August 2006.


KCI Konecranes is a world leading crane technology and service-company.
Maintenance services are provided for cranes of every make. The product range
includes light crane systems, heavy-duty cranes for process industries and
shipyards, special harbour cranes for bulk materials and containers as well as
reach stackers and lift trucks. In 2005, Group sales totalled EUR 971 million.
The Group has over 6,000 employees in 38 countries. KCI Konecranes is listed on
the Helsinki Stock Exchange (symbol: KCI1V).

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KCI KONECRANES PLC


Franciska Janzon
IR Manager




FURTHER INFORMATION
Mr. Pekka Lundmark, President and CEO, tel. +358-20 427 2000
Mr. Teuvo Rintamäki, CFO, tel. + 358-20 427 2040




DISTRIBUTION
Helsinki Stock Exchange
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