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Cargotec Reorganizes Kalmar

Maritime Activity Reports, Inc.

March 7, 2019

Finnish cargo-handling machinery manufacturer Cargotec said it has reorganized the businesses under its Kalmar brand and has appointed Stefan Lampa as President of Kalmar Mobile Solutions, in a move aimed at enhancing Kalmar's growth opportunities.

Kalmar, a provider of cargo handling solutions and services to ports, terminals, distribution centers and heavy industry, will be reorganized into three strategic business units: Kalmar Mobile Solutions, Kalmar Automation Solutions and Navis, effective April 1, 2019. Cargotec's financial reporting structure based on three business areas Kalmar, Hiab and MacGregor will remain unchanged.

Lampa has been appointed President of Kalmar Mobile Solutions and a member of the Cargotec Executive Board. Antti Kaunonen, currently President of Kalmar, has been appointed President of Kalmar Automation Solutions. He will continue as a member of the Executive Board. Benoit de la Tour will continue in his current role as President of Navis. The three will report to Cargotec's CEO Mika Vehviläinen. There are no changes in Hiab and MacGregor.

Lampa, who brings to the role experience from the world of software systems and robotics, joins Cargotec from KUKA Robotics where he has worked as CEO of KUKA Roboter.

Cargotec's CEO Mika Vehviläinen said, "The changes form an important step in our ambition to transform Cargotec from a good to a great company. The new Kalmar organization will help us focus on the growth opportunities in port automation business as well as drive profitable growth and customer centricity through solution sales and world class supply chain in Kalmar Mobile Solutions."

"Our structure supports our strategy, and the new organization will further enhance our strategy execution."

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