KONECRANES, INC.
SPRINGFIELD, OH

About Konecranes About Konecranes Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Regardless of your lifting needs, Konecranes is committed to providing you with lifting equipment and services that increase the value and effectiveness of your business. Our long history in lifting businesses For over 80 years, we have been dedicated to improving efficiency and performance of businesses in all types of industries. And we have done this by continuously providing lifting equipment and services people can trust. When you choose Konecranes, you acquire a unique source of global experience and knowledge combined with local know-how to empower your lifting solutions and increase your safety and productivity. Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has approximately 17,000 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR). Konecranes has three business areas in its organizational structure: Service, Industrial Equipment and Port Solutions. With 600 service locations in 50 countries, Konecranes provides specialized maintenance services and spare parts for all types and makes of industrial cranes, hoists and port equipment – from a single piece of equipment to entire operations. Our objective is to improve the safety and productivity of our customers’ operations. Business Area Industrial Equipment offers hoists, cranes and material handling solutions for a wide range of customers, including industries like Waste-to-Energy, Paper and Forest, Automotive and Metals Production. Products are marketed through a multi-brand portfolio that includes Konecranes and the brands: Demag, SWF Krantechnik, Verlinde, R&M, Morris Crane Systems, and Donati. Business Area Port Solutions offers a full range of container handling equipment, shipyard handling equipment, mobile harbor cranes and heavy-duty lift trucks, backed by a complete range of services. Products are marketed under the Konecranes brand, with some product groups marketed under the labels Konecranes Gottwald, Konecranes Noell and Konecranes Liftace. Products is our comprehensive and systematic approach to maintenance. We can provide crane inspections and preventive maintenance, corrective maintenance and retrofits, consultation services and modernization services. Not just lifting things, but entire businesses. We know in real time how millions of lifting devices perform. We use this knowledge around the clock to make our customers’ operations safer and more productive. Konecranes' personnel represents a multitude of cultures, speaks a large number of different languages and belongs to different religions. Nevertheless, our customers have the right to expect consistent, impeccable service of high standards wherever and whenever they meet us. For underlining unity, we have a set of common values that link all members in our community together. financially sound company. Konecranes upholds its position as a global leader by promoting occupational health and safety excellence. We are committed to protecting the health and safety of each employee and our objective is to create an understanding that safety has a direct correlation to our financial success. With a deeply-rooted safety culture we also promote safety to our customers and subcontractors, and provide lifting solutions in accordance with safety regulations. By applying safety features to our products and services, our customers benefit from improved efficiency of their operations and increased performance of their business. Konecranes' history dates back to 1910 when the electrical motor repair shop KONE Corporation was founded. Konecranes has grown over the years mainly organically but has a strong acquisition track record as well. Konecranes history The company started to manufacture Electric Wire Rope Hoists. Harbor cranes were added to the product range in 1947. The harbor cranes business line experienced strong growth in the post-war economy. The company began to expand internationally and makes a first acquisition in Norway (Wisbech-Refsum). In 1983 the company establishes its first foothold in the U.S. (R&M Materials Handling) in Springfield, Ohio. In 1986 Konecranes acquires a company in France (Verlinde) headquartered in Vernouillet. (A detailed M&A History is available under Investor information) In 1988 crane operations were organized into the KONE Cranes Division of KONE Corporation. From 1990 onwards the company has kept a high focus on establishing technical leadership. The company established its own offices in the UK by acquiring the company Lloyds British Testing with operations in the UK and Australia. A large restructuring program was launched which carried on until 1994. Among other actions, crane production facilities were cut from 19 to 4. KCI Konecranes was formed on April 15, 1994, when KONE Corporation, a Finland-based group was listed on the Helsinki Stock exchange, as part of structural changes which involved disposing of all its operations, excluding its elevator business, sold the operations of its crane division. In 1996 KCI Konecranes was listed on the Helsinki Stock Exchange. KCI Konecranes is an internationally broadly held company. In 1997 KCI Konecranes made its first acquisition in Germany when MAN SWF Krantechnik, was acquired. KCI Konecranes has experienced high organic growth in Germany and continued with several bolt-on acquisitions in year 2000. In 2000 KCI Konecranes launched a new CXT wire rope hoist for the up to 80t lifting capacity range, that immediately became an industry benchmark worldwide. The totally new design concept of the range allowed KCI Konecranes to strengthen its position to the high-volume market for standard cranes, enhancing safety and improving the use of factory space.