Konecranes acquires Finnish container handling software specialist

Konecranes acquires Finnish container handling software specialist

Konecranes signed on 31 July 2007 an agreement to acquire Finnish-based
container handling software specialist Savcor One Oy. The company, which is
part of Savcor Group, is based in Vantaa and provides its products and services
to more than 20 leading container ports all over the world. 

Savcor One's software has been part of Konecranes' product offering in recent
years and today Konecranes has over 100 Savcor One solutions installed in its
fleet. Sales have increased and in order to further develop and integrate the
automation technology into Konecranes equipment, it has now become essential to
have the automation knowhow in-house. Major customers require integrated
systems and turnkey delivery of equipment. 

Savcor One container handling software improves the efficiency of terminal
operators through maximizing equipment performance in harbours. The software
ensures that the container yard inventory is 100 % accurate, by monitoring and
measuring the productivity and efficiency of activities. It also tells where to
locate or pick up a container, so it eliminates lost containers and the high
related costs. In addition, the software offers a step-by-step concept for
automating the yard, as it can auto-steer vehicles in the port. 

“This technology is the link between the different port vehicles such as RTGs,
straddle carriers and lift trucks,” says Jarmo Juntunen, Director, Ports at
Konecranes. “This acquisition enables Konecranes to offer complete solutions to
its customers. It also gives access to the modernization market both on
Konecranes' own equipment and for other makes in the yard. In addition,
Konecranes will be able to offer DGPS-based automation systems for the existing
equipment of customers and therefore generate new business.” 

“For the business of Savcor One, for our customers and our employees, the
acquisition will offer enhanced opportunities as part of Konecranes' total
service offering and global network,” says Mikko Sampo, Managing Director at
Savcor One. 

Further information: 
Jarmo Juntunen, Director, Ports
e-mail: jarmo.juntunen@konecranes.com or phone: +358 20 427 2600

Financial Media and Analysts
Paul Lönnfors, IR Manager 
e-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2050

This press release is available at our website www.konecranes.com

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions and services for lifting equipment of every make. In 2006, Group
sales totalled EUR 1483 million. The Group has 7,800 employees, at more than
370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock
Exchange (symbol: KCR1V).