Agreement for taking over TOS provider

By acquiring the TOS provider Navis, Cargotec will further strengthen its ability to provide total solutions for its terminal customers.

Navis' flexible and scalable TOS software is the leading system globally in marine terminals, rail yard operations and distribution centres. Navis systems help customers coordinate and automate the movement of containers and equipment in terminal and yard environments as well as enable customers to manage the operations of a single terminal or multiple terminals in different geographic locations from a central location.

Navis will continue its business with its customers as an independent part of Cargotec irrespective of equipment supplier. Navis' reporting will be consolidated into Cargotec's financial reporting once the transaction has been completed. The acquisition is subject to regulatory approvals from competition authorities, which are expected to be received during the first quarter of 2011.