Cardo signs its largest ever service agreement

Cardo signs its largest ever service agreement

Cardo has entered into a two-year service agreement in Germany worth an expected
EUR 2.5 million. The service agreement, which is Cardo's largest ever, relates
to servicing and preventive maintenance of Cardo's own doors as well as those of
its competitors at gas stations throughout Germany.

In its division Cardo Entrance Solutions, Cardo offers industrial door, docking
and service solutions for retail, industrial, transportation and logistics
operations under brand names that include Crawford. The business has over 1,000
service engineers in Europe and carries out more than 600,000 service visits
annually. The agreement in question is the largest so far in terms of value and
includes servicing doors of wash facilities for one of the world's leading
gas-station chains. 

 “We have been working on developing our service activities for a long time and
we offer servicing both of our own doors and those of other brands as well as of
related products such as automatic entrance doors,” says Peter Aru, Cardo's
President and CEO. “Today, the service business accounts for nearly 40 percent
of our sales.” 

Delivery will begin in the second quarter of 2010 and the service agreement will
run for two years. 

Malmö, Sweden, March 16 2010
Cardo AB (publ)

For further information, please contact:
Peter Aru, President and CEO, tel +46 10 4747 401
Ulf Liljedahl, CFO and Executive Vice President, tel +46 10 4747 402
Maria Bergving, SVP Communications and Investor Relations, 
tel +46 10 4747 405, +46 70 602 61 81, maria.bergving@cardo.com


Cardo is a world-leading supplier of industrial doors and logistics systems,
wastewater treatment systems, process equipment for the pulp and paper industry
and garage doors. With sales of SEK 9 billion and 5,400 employees worldwide,
Cardo delivers solutions that help to solve some the toughest challenges of our
time in the fields of water, transportation and energy. Corporate headquarters
are located in Malmö, Sweden.