Konecranes has closed its acquisition of Rotterdam-based Peinemann Port Services BV and Peinemann Container Handling BV after receiving approval for the transaction from the Dutch competition authority.

Peinemann is a significant port services provider in the Netherlands with a wide customer base, and it has long-term maintenance relationships with several of Konecranes' key customers.

Peinemann Container Handling BV has been a Konecranes Lift Trucks distributor in the Netherlands since 2009 and been in the sales, rental and service business of lift trucks in the Rotterdam area since 1954. The planned acquisition will have no impact on Konecranes' current Lift Trucks distributor model outside of the Netherlands.

Further information:
Konecranes Media Desk
media@konecranes.com

Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes 
Email: kiira.froberg@konecranes.com or phone: +358 20 427 2050

This release can be found on Konecranes.com.

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,700 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totaled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).