MacGregor reorganises into seven operative Divisions to improve customer focus

CARGOTEC CORPORATION, PRESS RELEASE 23 OCTOBER 2014 AT 11:45 AM EEST

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganisation into seven operative Divisions which will become effective on 1 January 2015. The six new operative Divisions together with Global Lifecycle Support as the seventh one will enable MacGregor to improve customer service throughout the lifecycle of the products, offer more comprehensive packages and boost the development of new shiptype-specific solutions.

The MacGregor portfolio has grown significantly through acquisitions and now comprises of also Hatlapa, Porsgrunn, Pusnes,Triplex and Woodfield products. The new Divisions will work closely together in marketing, sales, sourcing, R&D and engineering and thus leverage the scale and capabilities of the whole MacGregor organisation for the benefit of MacGregor's customers. To support this cross-divisional work, two new MacGregor Group-level functions are established:
R&D and Sourcing, headed by Erik Hägglund
Marketing and Business Development, headed by Pasi Lehtonen

The new operative Divisions as of 1 January 2015 are:
Auxiliary and Machinery Systems Division, headed by Alexander Nürnberg
Cargo Handling Division, headed by Leif Byström
Offshore Load Handling Division, headed by Tom Svennevig
Offshore Deck Machinery Division, headed by Esko Karvonen
Offshore Mooring and Loading Division, headed by Leif Haukom
RoRo Division, headed by Magnus Sjöberg
Global Lifecycle Support Division, appointment will be announced later in 2014

Further information for the press:
Mika Vehviläinen, President and CEO, Cargotec, tel. [phone]  
Minna Karhu, Communications Director, MacGregor, tel. [phone]

MacGregor offers world leading engineering solutions and services for handling marine cargoes and offshore loads. The scope of our integrated packages is growing and now also includes Hatlapa, Porsgrunn, Pusnes and Triplex products.

MacGregor serves the offshore, maritime transportation and naval logistics markets in ports and terminals as well as on board ships and rigs. MacGregor solutions combine load and cargo access, stowage, care and handling functions to optimise lifetime profitability, productivity and environmental sustainability. www.macgregor.com    

MacGregor is part of Cargotec. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com    

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

HUG#1865101