Cargotec - Company Announcement

Cargotec continues its On the Move change programme by planning to merge Hiab and Kalmar operations globally

CARGOTEC CORPORATION   STOCK EXCHANGE RELEASE   22 JUNE 2009 at 10.05
AM EEST

Cargotec continues its On the Move change programme by planning to
merge Hiab and Kalmar operations globally

Cargotec announces a plan to develop a new operating model for Hiab
and Kalmar business areas globally as a part of its On the Move
change programme. On the Move change program was launched in February
2008 to accelerate the company's strategy execution, to increase
operational efficiency and to enhance customer focus. The development
of the new operating model is in accordance with and supports the
change program's targets.

According to the plan, Cargotec will form a new Customer Operations
organisation. Hiab and Kalmar business areas will merge their current
separate sales and services organisations into three regions:
Cargotec Americas, Cargotec Asia-Pacific and Cargotec EMEA, as part
of the organisation.

The new Customer Operations organisation will be headed by Pekka
Vauramo (52), who has been appointed Senior Executive Vice President,
Cargotec Customer Operations as of July 1, 2009. He will continue in
his role as Deputy to CEO and member of Cargotec's Executive Board.

The merger of Hiab and Kalmar sales and service networks within the
EMEA region was already initiated in April 2009. The new Cargotec
EMEA sales and service organisation will become effective on 1 July
2009. Harald de Graaf (43), member of Cargotec's Executive Board, has
been appointed Executive Vice President, Cargotec EMEA as of July 1,
2009. In addition, Harald de Graaf continues to be responsible for
Corporate Development.

External financial reporting will continue unchanged at least through
2009. Current Cargotec structure with Hiab, Kalmar, MacGregor and
Services business areas remain in place until further notice. The
personnel implications of the planned changes depend on the future
operating model, and more information will be communicated as the
plans proceed.

Additionally, Kirsi Nuotto (50), member of Cargotec's Executive
Board, has been appointed Executive Vice President, Human Resources
and Communications as of July 1, 2009.


More information for the press:
Mikael Mäkinen, President and CEO, tel. +358 (0)204 55 4262
Pekka Vauramo, Deputy to CEO, President, Kalmar Business Area, tel.
+358 (0)204 55 4873
Minna Karhu, Vice President, Corporate Communications, tel. +358
(0)204 55 4630

More information for the investors:
Eeva Sipilä, CFO, tel. +358 (0)204 55 4281



Cargotec improves the efficiency of cargo flows by offering solutions
for the loading and unloading of goods on land and at sea - wherever
cargo is on the move. Cargotec's main daughter brands for cargo
handling Hiab, Kalmar and MacGregor are global market leaders in
their fields. Cargotec's global network offers extensive services
that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.4 billion in 2008 and it
employs approximately 11,000 people. Cargotec's class B shares are
quoted on the NASDAQ OMX Helsinki. www.cargotec.com