Cramo Oyj - Company Announcement

CRAMO ACQUIRES SKANSKA'S DANISH RENTAL OPERATION

CRAMO ACQUIRES SKANSKA'S DANISH RENTAL OPERATION                                

Cramo A/S, the Danish wholly-owned subsidiary of Cramo Plc, has acquired Skanska
Denmark's rental organisation with all personnel, existing machine fleet and    
related external rental contracts. Cramo estimates that the acquisition will    
provide an additional annual rental volume of up to a minimum of DKK 100 million
(EUR 13.5 million). Related to the deal is a pan-Nordic cooperation agreement   
between Cramo and Skanska.                                                      

The acquisition is a result of Cramo's ambition to grow in the Nordic market. At
the same time, Skanska has announced their intention to divest their            
construction business in Denmark.                                               

"This agreement is very valuable to both parties since it will strengthen our   
relationship on a group level", says Göran Carlson, deputy CEO in Cramo. "The   
pan-Nordic agreement can add substantial volumes annually for Cramo already in  
the short-term. The acquisition in Denmark will accelerate Cramo's efforts to   
continue take an active part in the consolidation of a fairly fragmented        
market."                                                                        

90% of the operations involved in the acquisition is related to internal rental 
to Skanska´s construction operations in Denmark. The business is located in     
Aarhus, Odense and Taastrup. The rental fleet includes a wide range of some     
3.000 units. The parties have agreed not to disclose the purchase price.        

Cramo's operations in Denmark are growing at a high pace with six new depots    
being opened only in this year to a total of 16 depots. Since the acquisition of
Skanska's Modular space operation Consite in 2004 and now Skanska's site huts   
operation, Cramo is Denmark's leading rental operator in that field. The        
explicit target is to become one of the two largest operators in equipment      
rental and rental of modular space.                                             

"The cooperation between us and Skanska has developed very positively and we    
know the organizations and its customers well", says Ole Wamsler, Managing      
Director in Cramo A/S. "Acquiring Skanska's equipment rental operation is of    
strategic importance to Cramo's Danish operation as it give us both equipment   
and specialized competencies. Especially in the field of cranes, hoists, heavy  
construction equipment, security equipment and multiservice. Our capacity to    
serve customers in the industrial and construction sector will also be          
approved."                                                                      


CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               


Further information                                                             
Göran Carlson, Deputy CEO, Cramo, tel. +46 8 623 5400                           
Ole Wamsler, Managing Director, Cramo A/S, tel. +45 43 20 05 56                 


Distribution                                                                    
OMX Nordic Exchange Helsinki                                                    
Major media                                                                     
www.cramo.com                                                                   

Cramo Plc is a service company specialising in construction machinery and       
equipment rental and rental-related services, as well as rental and sale of     
modular space. As one of the industry's leading service providers in the Nordic 
countries and Central and Eastern Europe, Cramo operates in ten countries with  
250 outlets. With a group staff of approximately 2,000, Cramo's consolidated    
sales for 2006 totalled EUR 402 million. Cramo is listed on the OMX Nordic      
Exchange Helsinki. For further information, please visit www.cramo.com.         

For more information about Cramo A/S and the Danish operation, see www.cramo.dk