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Konecranes acquires South African crane and service company

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Konecranes has acquired the remaining 80.5 % of the share capital in crane and
service company Dynamic Crane Systems Ltd. (DCS) in South Africa. In June 2007
Konecranes acquired 19.5 % of the company shares with a call option to acquire
the remaining by December 31, 2009. DCS had annual net sales of approximately
EUR 8 million in 2008 and 75 employees. DCS will be consolidated in Konecranes
numbers as of October 2009. 

DCS, a leading crane and service company in South Africa, was established in
1994. The company specializes in the manufacture, sales, servicing and assembly
of industrial and process cranes. DCS and Konecranes have worked together since
the early 1990s, and since June 2007 DCS has been Konecranes' representative in
South Africa and neighboring countries. 

“South Africa is the economic powerhouse of Africa, leading the continent in
industrial output and mineral production and generating a large proportion of
Africa's electricity,” says Pierre Boyer, President, EMEA region, Konecranes.
“The country has abundant natural resources, well-developed energy and
manufacturing sectors and a modern infrastructure supporting efficient
distribution of goods throughout the southern African region. Not only is South
Africa itself an important economy, it is also an excellent gateway to other
African markets.” 

DCS' headquarters and manufacturing are in Alrode, close to Johannesburg and it
runs a service office in the Durban, KwaZulu-Natal region. DCS serves many key
industry areas in the Sub-Saharan region including mining, energy, steel,
aluminum, paper and general manufacturing. 

The company name will be changed to Konecranes (Pty) Ltd and the present owners
will continue working for the company on a consultative basis. 

Further information:
Press
Pierre Boyer, President, EMEA, Konecranes
E-mail: pierre.boyer@konecranes.com or phone +358 20 427 3312

Financial Media and Analysts:
Mikael Wegmüller, Director, Marketing and Communications, Konecranes
E-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2008

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 2008, Group
sales totalled EUR 2,103 million. The Group has 9,700 employees, at 485
locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd.
(symbol: KCR1V). 

www.konecranes.com





                                            

                

            

        

    

    



    

        
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