Kalmar completes the cooperation negotiations with its personnel and reorganises its operations in Tampere, Finland

CARGOTEC CORPORATION, PRESS RELEASE, 16 MARCH 2016 AT 12.00 EET

Kalmar, part of Cargotec, has completed the reorganisation and the related cooperation negotiations with its personnel in the Automation and Projects division in Tampere, Finland. As a result of the negotiations, Kalmar has decided to utilise the successful cooperation model with the joint venture Rainbow Cargotec Industries (RCI) in China that is already in place in the rubber-tyred gantry (RTG) cranes and extend it to automatic stacking cranes (ASC). The change of the business model will lead to a permanent reduction of 10 employees in Tampere. Additionally 13 employees will be transferred to RCI's competence team located in Tampere.

The new organisation will take effect on 1 April 2016. Kalmar will continue to hold responsibility for automation and software development, sales, marketing and customer interface, as well as project deliveries of mega projects, while RCI will be responsible for the automatic stacking cranes.

"With the new setup, we are expecting to improve our competitiveness on the global market. Together with RCI, we will deliver automatic stacking crane projects within set time, budget and quality standards, to the full satisfaction of our customers. In Tampere, we will focus on developing our automation and software offering to support our digitalisation journey," says Antti Kaunonen, Senior Vice President, Automation and Projects, Kalmar.

Kalmar currently employs approximately 300 people in Tampere. Kalmar's Technology and Competence centre in Tampere includes the industry's largest port automation test field and world-class facilities and laboratories for prototyping, simulation, testing, monitoring and optimisation.

For further information please contact

Antti Kaunonen, Senior Vice President, Automation and Projects, Kalmar, tel. +358 40 062 1701 antti.kaunonen@kalmarglobal.com

Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. +358 20 777 4096, maija.eklof@kalmarglobal.com

Kalmar offers the widest range of cargo handling solutions and services to ports, terminals, distribution centres and to heavy industry. Kalmar is the industry forerunner in terminal automation and in energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution. Through its extensive product portfolio, global service network and ability to enable a seamless integration of different terminal processes, Kalmar improves the efficiency of every move. www.kalmarglobal.com

Kalmar is part of Cargotec. Cargotec's sales totalled approximately EUR 3.7 billion in 2015 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on Nasdaq Helsinki Ltd under symbol CGCBV. www.cargotec.com