Rocla Oyj - Company Announcement

ROCLA GROWS IN DENMARK BY ACQUIRING VB TRUCKS A/S

ROCLA OYJ Stock Exchange Release 02.06.2008 at 10.30 a.m.                       
ROCLA GROWS IN DENMARK BY ACQUIRING VB TRUCKS A/S                               

Finnish forklift manufacturer Rocla expands its operations in Denmark by        
acquiring the shares of VB Trucks a/s. Behind this deal is Rocla's strategy to  
strengthen its product, service and solution business in local markets. As a    
result of the deal Rocla will be one of the biggest players in the Danish       
forklift market. The name of the company will be Rocla Danmark a/s and it starts
its operations on the 2nd of June, 2008. Rocla has had own subsidiary Rocla a/s 
in Denmark since 2000. The decisions about merging Rocla a/s' and VB Trucks a/s'
operations will be made later on.  After the acquisition Rocla will have some   
140 employees in Denmark.     
The purchase price to be paid for the shares in cash is about 3.0 M€ which      
corresponds the enterprise value of about 6.3 M€. The purchase price will be    
adjusted according to the January-May results of the company. VB Trucks a/s     
generated annual sales of about 15 M€ in 2007 and it employs some 90 people. The
company's operations consist of sales, rental and maintenance of forklift       
trucks. The acquired operations complete Rocla's business in Denmark            
geographically and from the client base and product offering point of view. In  
2006 and 2007, the EBITDA level of the company was around 13% and EBIT level    
around 5%-6% of the sales, according to the Danish GAAP. VB Trucks a/s has been 
Rocla's dealer in Denmark since the summer 2007.  
Rocla Oyj has estimated in the interim report of January-March 2008 that it     
expects its consolidated net sales to grow and its result to improve in the     
fiscal year 2008, provided that no material changes occur in the overall trade  
cycle picture. According to the estimate of the company, the acquisition does   
not change the outlook for the year.         
Juha Mikkonen, the Vice President of Business Support for Rocla group, has been 
appointed CEO of Rocla Danmark a/s. ”With this deal we seek strong market       
position and more capacity to service operations” explains Mr. Mikkonen. ”The   
volume of our Danish operations more than doubles as a result of this deal, so  
we are better equipped to offer comprehensive services to our clients.”  
”It was time to make a decision about VB Trucks' future,” explains Verner Bonde,
who founded the company 24 years ago. I am confident that Rocla offers a good   
platform for growth and further development for VB Trucks' business and         
personnel alike”.     
”The Danish truck market is mature and there is demand for Rocla's intelligent  
solutions”, states Tapio Rummukainen, the President and CEO of Rocla Oyj. ”In   
addition to industrial trucks and services we have delivered automated solutions
to Danish customers. With this deal we also strengthen our position as a        
provider of demanding solutions”, continues Mr. Rummukainen.  
The acquisition does not require an approval from the competition authorities.  
Glitnir Bank Ltd., Investment Banking has acted as financial advisor to Rocla   
Oyj in connection with the transaction.                                         

Tapio Rummukainen                                                               
President and CEO                                                               

For additional information, contact:                                            

Rocla Oyj, President and CEO Tapio Rummukainen, phone +358 20 778 1370          
Rocla Danmark a/s, CEO Juha Mikkonen, phone +358 400 426 159                    

Distribution:                                                                   
Helsinki Exchanges                                                              
The main media                                                                  

Background:                                                                     

Rocla Oyj is a listed Finnish company that develops, manufactures and markets   
intelligent solutions and services for materials handling applications. Rocla's 
own product and service offering is complemented by Cat® counterbalance trucks. 
Rocla's activities are based on customer-oriented service, innovation and the   
continuous development of operations. Rocla's net sales in 2007 were 124.9 M€   
and the company employed 521 people at the end of the year.      
VB Trucks a/s is a Danish family owned company that was founded in 1984. It     
sells industrial trucks and related services. The company employs some 90 people
and its turnover in 2007 was around 110 Mkr.                                    
Photos: www.rocla.com/photos