English Finnish
Published: 2007-03-21 08:00:00 CET
Cramo Oyj
Company Announcement
CRAMO DIVESTS ITS DUTCH RENTAL OPERATIONS
Cramo AB, a wholly-owned subsidiary of Cramo Plc (Cramo), has signed a binding 

letter of intent with Jaston Groep B.V. (Jaston), whereby Jaston will become
the
new owner of Cramo Nederland B.V. (CNL), a wholly owned subsidiary of
Cramo AB. 
Jaston is a rental and scaffolding company active in the
Netherlands. The       
transaction is expected to become effective on 11
April 2007, and Cramo         
estimates that the sale of CNL will result in a
capital gain of some four (4)   
million euros. The final figure will be based
on accounts to be prepared in     
conjunction with closing of the
transaction. The parties have agreed that the   
purchase price shall not be
disclosed.                                          

CNL is a general
equipment rental company active in the Dutch rental market with
sales
amounting to approximately EUR 12.7 million in 2006, and a staff of 90.  


The divestment of CNL is in line with Cramo's strategy to focus its
resources on
both its core Nordic markets, and its emerging core Central and
Eastern European
markets.                                                     
                  

CRAMO PLC                                                
                      


Vesa Koivula                                       
                            
President and CEO                                
                              

For more information                         
                                  
Göran Carlson, Deputy CEO, +46 70 874 6556 
                                    
Martti Ala-Härkönen, CFO, +358 40 737
6633                                      




Distribution               
                                                    
Helsinki Stock Exchange  
                                                      
Major Media            
                                                        
www.cramo.fi         
                                                          

Cramo Plc is a
service company specialising in construction machinery and       
equipment
rental and rental-related services, as well as rental and sale of     
modular
space. As one of the industry's leading service providers in the Nordic

countries and Central and Eastern Europe, Cramo operates in eleven countries 
  
with 250 outlets. With a group staff of over 1,800, Cramo's consolidated
sales  
for 2006 totalled EUR 402 million. Cramo is listed on the Helsinki
Stock        
Exchange. For further information, please visit www.cramo.fi.