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KONECRANES EXPANDS ITS MACHINE TOOL SERVICE BUSINESS IN THE U.S.A.

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Konecranes expands its Machine Tool Service business in the U.S.A. 

In August 2010, Konecranes expanded its Machine Tool Service (MTS) business in
the U.S. by acquiring the assets of Ohio Hi-Speed Machine in Cleveland, Ohio.
Ohio Hi-Speed Machine was founded in 1992 and provides a wide range of services
to customers, including machine tool rebuilding, re-designing, control
retrofits, preventive maintenance, calibration and repair services. The annual
net sales of the company in 2009 were approximately 1.0 MEUR (1.3 M USD). The
company has 8 employees. The value of the acquisition is not disclosed. 

“The MTS business of Konecranes in the U.S. is a strategic fit with our
traditional core competency in overhead crane maintenance services. With the
addition of Ohio Hi-Speed Machine, our growing MTS business allows us to
broaden our offering to new and existing customers in a variety of industrial
segments,” said Tom Kurtz, General Manager, MTS, Konecranes Region Americas. 

Ohio Hi-Speed Machine is Konecranes' second acquisition in the U.S. following
Machine Tool Solutions Unlimited of Cincinnati, Ohio, in October 2009. The
previous owner and founder of Ohio Hi-Speed Machine, Mr. Don Dacone, will
continue in the newly acquired company. 

The financials of Ohio Hi-Speed Machine will be consolidated into Konecranes
for the fourth quarter of 2010. The effect is expected to be immaterial on the
current year's results. 

Konecranes' MTS business is well developed in the Nordic countries and the U.K.
The acquisition of Ohio Hi-Speed Machine enables Konecranes MTS to strengthen
its home base in the U.S. from where the company plans to expand its MTS
offering throughout the Americas. 

Further information: 
Media
Pekka Kujala, Director, MTS, Konecranes Plc
E-mail: pekka.kujala@konecranes.com or phone: +358 20 427 4014

Investors and analysts:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
Email: miikka.kinnunen@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 2009, Group sales totaled EUR 1,671 million. The Group has 9,600
employees, at 545 locations in 43 countries. Konecranes is listed on the NASDAQ
OMX Helsinki Ltd (symbol: KCR1V).

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