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Kone Cargotec finalizes acquisition of MacGREGOR

Stock Exchange Release Published 04/03/2005

Kone Cargotec, the cargo-handling business of KONE Corporation, agreed on 2 December, 2004 to purchase the entire share capital in global marine cargo-flow solution and service provider MacGREGOR International AB from the Swedish companies Industri Kapital and Gambro. The terms and conditions of the contract have been fulfilled and the transaction was closed on 4 March 2005.
Sender:
KONE Corporation
Tapio Hakakari
Director, Secretary to the Board of Directors
Minna Mars
Senior Vice President, Corporate Communications & IR
For further information, please contact:
Kari Heinistö, Senior Executive Vice President, Kone Cargotec, tel. +358 (0)204 55 4542
www.konecorp.com