Cargotec - Company Announcement

Cargotec to acquire Aker Solutions' mooring and loading systems unit to grow MacGregor offshore business

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE 30 OCTOBER 2013 AT 4.00 PM (EET)

Cargotec's MacGregor has entered into an agreement to acquire Aker Solutions'
mooring and loading systems unit for an enterprise value of  approximately EUR
180 million. The unit, known by the Pusnes brand name, provides mooring
equipment, loading and offloading systems as well as a wide range of deck
machinery for the global offshore and shipping markets. This acquisition is
highly complementary with MacGregor's existing offshore offering, including the
earlier announced acquisition of Hatlapa, and positions MacGregor as a leading
player in the offshore equipment market.

The Pusnes business was founded in 1875, and is headquartered in Arendal,
Norway. In 2012, the unit had sales of approximately EUR 130 million and EBITDA
of EUR 20 million. The unit employs about 370 people with main facilities in
Norway, UK and Korea."The Pusnes brand has a strong position in large and growing markets with active
relationships across diverse customer groups. It has a solid position in
lifecycle services with a large installed base and service scope. The unit's
flexible business model focuses on high-value activities and engineering
competence with a dedicated management team. All this fits perfectly with
MacGregor's operating model and makes us an even stronger team than before,"
states Eric Nielsen, President, MacGregor."We have highly complementary offerings with leading positions in broad range of
market segments. The transaction creates exciting opportunities to further
develop our activities, and it also offers new possibilities to our employees
within MacGregor," says Leif Haukom, who leads Aker Solutions' mooring and
loading systems business."With the previously announced acquisition of Hatlapa, MacGregor is now well on
its way in executing its growth strategy having concluded two key cornerstone
actions. Management will now prioritise the integration of both  the Pusnes unit
and Hatlapa into MacGregor where significant synergies are expected to be
realised. Within Cargotec we will focus on strengthening our balance sheet and
bring gearing back to below our 50 percent target," says Mika Vehviläinen,
President and CEO of Cargotec.

The acquisition is subject to regulatory approvals from competition authorities
and it is expected to be completed in the first quarter of 2014.

Further information:
Eric Nielsen, President, MacGregor, tel. +358 20 777 4061
Bunny Nooryani, Chief Communications Officer, Aker Solutions, tel.
+47 4802 7575

Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, Cargotec, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, Cargotec, tel. +358 20 777 4084


Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs
approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com

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