English
Published: 2005-02-08 08:30:00 CET
Cramo Oyj
Company Announcement
RAKENTAJAIN KONEVUOKRAAMO OYJ GROUP HAS SIGNED AN AGREEMENT
RAKENTAJAIN KONEVUOKRAAMO OYJ
STOCK EXCHANGE RELEASE 8 FEBRUARY 2005, at 9.30
hrs

RAKENTAJAIN KONEVUOKRAAMO OYJ GROUP HAS SIGNED AN AGREEMENT
CONCERNING
THE PURCHASE OF THE SHARES OF A POLISH COMPANY SÄVE
SP.ZO.O

Rakentajain
Konevuokraamo Oyj Group and the owners of a Polish
private limited company
SÄVE Sp.zo.o have signed an agreement
concerning the transfer of all the
shares of the company. The
Group purchases all the shares of SÄVE Sp.zo.o from
its two
owners, who are private persons. SÄVE Sp.zo.o continues in the
group
as an independent subsidiary.

SÄVE Sp.zo.o began its activities in the year
1994. The company is
domiciled in Krakow, Poland. The company is a leading
company in
access machine hire business in Poland. The turnover of
the
company in the year 2004 was approximately MEUR 1. The company has
12
employees, who shall continue to work for the company. One of
the sellers of
the company shall continue as the managing director
of the company.

By this
acquisition Rakentajain Konevuokraamo Oyj enters into a
new market area and
will strengthen its profitable growth.

The parties to the acquisition have
decided not to publish the
purchase price.

Rakentajain Konevuokraamo Oyj
shall perform a financial and legal
due diligence in the target company. The
closing is intended to
take place on 7.3.2005 at the latest.


RAKENTAJAIN
KONEVUOKRAAMO OYJ




Vesa Koivula
President and CEO
Tel.: +358 9 89481,
+358 40 5105710, Fax: +358 9 8948287


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