Konecranes Oyj - Company Announcement

KONECRANES CONFIRMS PRELIMINARY APPROACH TO DEMAG CRANES REGARDING POTENTIAL STRATEGIC OPTIONS

KONECRANES PLC  STOCK EXCHANGE RELEASE  October 8, 2010

KONECRANES CONFIRMS PRELIMINARY APPROACH TO DEMAG CRANES REGARDING POTENTIAL
STRATEGIC OPTIONS 

Following recent press speculation and Demag Cranes AG's (“Demag Cranes”)
announcement today concerning a potential transaction, Konecranes Plc
(“Konecranes”) confirms that it has approached Demag Cranes on 8 September 2010
to discuss a potential combination of the two companies. This was a preliminary
approach and the management of Demag Cranes has responded that Demag Cranes has
no interest in engaging in any dialogue regarding such a potential combination.
To date there have been no concrete negotiations between the two companies. 
As Konecranes has previously stated, we believe there is a need for
consolidation in the crane industry, particularly in Europe. Konecranes is
continuously evaluating its strategic options in this respect. We believe that
a combination of Konecranes and Demag Cranes would follow a convincing
industrial logic and would be highly beneficial to both companies and their
respective stakeholders. Konecranes is convinced that if Demag Cranes were
willing to engage in a dialogue, a structure for a potential business
combination could be agreed that would be in the interest of both companies'
stakeholders and also be viable from a regulatory perspective. However,
currently there is no certainty that any transaction will materialize. 

Konecranes presently does not intend to comment on this matter any further. Any
further announcement will be made only if appropriate. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION 
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, 
tel. +358 20 427 2050

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc,
tel. +358 20 427 2008 
German Media:
Thomas Knipp / Paul Scott, Brunswick Group, tel. +49 69 2400 5541


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 totalled EUR 1,671 million. The Group has 9,600
employees, in 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V). 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Major media
www.konecranes.com