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KONECRANES ACQUIRES FULL OWNERSHIP OF SPANISH CRANE AND SERVICE COMPANY

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KONECRANES ACQUIRES FULL OWNERSHIP OF SPANISH CRANE AND SERVICE COMPANY


In the beginning of March 2008, Konecranes acquired the entire share capital of
Spanish crane and service company Eydimen 2000 S.L., based in San Sebastian in
Northern Spain. Prior to this transaction, Konecranes held 19.2 per cent of the
share capital in Eydimen, which has been selling Konecranes-branded industrial
cranes in Spain since 2005. The shares were acquired from the company's
management, who will continue in the company. The value of the acquisition is
not disclosed. 

Spain is one of the largest crane and service markets in Europe. Acquiring the
full ownership of Eydimen is in line with Konecranes' strategy of becoming a
major crane and service company in all major markets. Eydimen is located in one
of Spain's most important industrial hubs, and it markets its products and
services throughout the country. 

“Through full ownership of Eydimen we significantly increase our focus and
ability to grow on the attractive market for cranes and crane service in
Spain,” says Pekka Päkkilä, President, Standard Lifting at Konecranes. 

The company, which has 15 employees, will be named Konecranes Gruas S.L.

Further information:
Press
Pekka Päkkilä, President, Standard Lifting, Konecranes Plc 
E-mail: pekka.pakkila@konecranes.com or phone +358 20 427 3000

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 as well as services for lifting equipment and machine tools of all
makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 8,400
employees, at more than 470 locations in 43 countries. Konecranes is listed on
the OMX Nordic Exchange Helsinki (symbol: KCR1V).

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