LEMMINKÄINEN CORPORATION PRESS RELEASE 17.12.2010 AT 14.15 P.M.
LEMMINKÄINEN OUTSOURCES FOUR OF ITS EQUIPMENT DEPOTS TO CRAMO
Lemminkäinen and Cramo Oyj have today signed an agreement to outsource Lemminkäinen Building Construction’s equipment depots at four locations to Cramo. At the same time, the parties signed a co-operation agreement on producing site services for Lemminkäinen. The parties have agreed not to publish the value of the contract.
‘Outsourcing of the depots is a means of strengthening and developing our site operations,’ says Jukka Terhonen, Lemminkäinen’s Executive Vice President, Building Construction. ‘By outsourcing these services, we will be able to better ensure the availability of the most suitable equipment, tools and methods for each construction need and, consequently, be even more reliable partner to our customers. The arrangement will also release our capital for use in our core business.’
According to the agreement, Building Construction’s equipment depots located in Helsinki, Oulu, Vaasa and Kokkola will transfer to Cramo. The agreement covers the construction machinery, tower cranes and site huts of the depots. The Lemminkäinen employees covered by the agreement will be transferred to the service of Cramo as existing employees.
Lemminkäinen Building Construction has previously outsourced, for example, its equipment depots in Joensuu, Kuopio, Turku and Tampere to Cramo. The latest agreement expands on the long-standing co-operation of Lemminkäinen and Cramo.
Managing Director Jukka Terhonen
Lemminkäinen Talo Oy
Tel. +358 2071 57111
Managing Director Tatu Hauhio
Tel. +358 40 570 1344
CFO Martti Ala-Härkönen
Tel: +358 40 737 6633
NASDAQ OMX Helsinki Ltd
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are Building Construction, Infrastructure Construction, Technical Building Services, and Building Products. As of 1 January 2011, the operations of Building Products will be transferred to the Infrastructure Construction business sector. Lemminkäinen’s net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for over a quarter. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com
Cramo is a service company specialising in construction machinery and equipment rental and rental-related services, as well as the 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 eleven countries with 288 depots. With a group staff of 2.000, Cramo's consolidated sales for 2009 was EUR 450 million and Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. For further information, please visit www.cramo.com.