KCI Konecranes acquisition of R.Stahl Fördertechnik closed

KCI Konecranes and R.STAHL AG signed the definitive agreement concerning the sale of R.STAHL’s Materials Handling division, R.Stahl Fördertechnik, to KCI Konecranes on 20 December 2005.

The necessary competition authority approvals, to which the acquisition was subject to, have now been received and the transaction has been closed on December 30, 2005.

Further information can be obtained from

KCI Konecranes Plc
Pekka Lundmark, President & CEO, phone: +358-20 427 2000
Teuvo Rintamäki, Chief Financial Officer, phone: +358-20 427 2040

About KCI Konecranes

KCI Konecranes is a world leading crane technology and service company. Maintenance services are provided for cranes of every make. The product range includes light crane systems, heavy-duty cranes for process industries and shipyards, special harbour cranes for bulk materials and containers as well as reach stackers and lift trucks. In 2004, Group sales totalled EUR 728 million. The Group has 5,000 employees in 35 countries. KCI Konecranes is listed on the Helsinki Stock Exchange (symbol: KCI1V).

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www.konecranes.com
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