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Published: 2007-10-30 10:17:34 CET
Cramo Oyj
Company Announcement
CRAMO ACQUIRES SKANSKA'S DANISH RENTAL OPERATION
CRAMO ACQUIRES SKANSKA'S DANISH RENTAL OPERATION                               


Cramo A/S, the Danish wholly-owned subsidiary of Cramo Plc, has acquired
Skanska
Denmark's rental organisation with all personnel, existing machine
fleet and    
related external rental contracts. Cramo estimates that the
acquisition will    
provide an additional annual rental volume of up to a
minimum of DKK 100 million
(EUR 13.5 million). Related to the deal is a
pan-Nordic cooperation agreement   
between Cramo and Skanska.                
                                     

The acquisition is a result of Cramo's
ambition to grow in the Nordic market. At
the same time, Skanska has announced
their intention to divest their            
construction business in Denmark. 
                                             

"This agreement is very
valuable to both parties since it will strengthen our   
relationship on a
group level", says Göran Carlson, deputy CEO in Cramo. "The   
pan-Nordic
agreement can add substantial volumes annually for Cramo already in  
the
short-term. The acquisition in Denmark will accelerate Cramo's efforts to  

continue take an active part in the consolidation of a fairly fragmented     
  
market."                                                                   
    

90% of the operations involved in the acquisition is related to
internal rental 
to Skanska´s construction operations in Denmark. The business
is located in     
Aarhus, Odense and Taastrup. The rental fleet includes a
wide range of some     
3.000 units. The parties have agreed not to disclose
the purchase price.        

Cramo's operations in Denmark are growing at a
high pace with six new depots    
being opened only in this year to a total of
16 depots. Since the acquisition of
Skanska's Modular space operation Consite
in 2004 and now Skanska's site huts   
operation, Cramo is Denmark's leading
rental operator in that field. The        
explicit target is to become one of
the two largest operators in equipment      
rental and rental of modular
space.                                             

"The cooperation between
us and Skanska has developed very positively and we    
know the organizations
and its customers well", says Ole Wamsler, Managing      
Director in Cramo
A/S. "Acquiring Skanska's equipment rental operation is of    
strategic
importance to Cramo's Danish operation as it give us both equipment   
and
specialized competencies. Especially in the field of cranes, hoists, heavy 

construction equipment, security equipment and multiservice. Our capacity to 
  
serve customers in the industrial and construction sector will also be     
    
approved."                                                               
      


CRAMO PLC                                                          
            

Vesa Koivula                                                   
                
President and CEO                                            
                  


Further information                                    
                        
Göran Carlson, Deputy CEO, Cramo, tel. +46 8 623 5400
                          
Ole Wamsler, Managing Director, Cramo A/S, tel. +45
43 20 05 56                 


Distribution                                 
                                  
OMX Nordic Exchange Helsinki               
                                    
Major media                              
                                      
www.cramo.com                          
                                        

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 ten countries with  
250
outlets. With a group staff of approximately 2,000, Cramo's consolidated   

sales for 2006 totalled EUR 402 million. Cramo is listed on the OMX Nordic   
  
Exchange Helsinki. For further information, please visit www.cramo.com.    
    

For more information about Cramo A/S and the Danish operation, see
www.cramo.dk