Cargotec and Konecranes planned merger update
(Posted on 07/02/22)
Cargotec and Konecranes have continued their dialogue and cooperation with relevant competition authorities to find satisfactory ways to mitigate concerns raised by the competition authorities to secure approvals to complete the merger of Cargotec and Konecranes. Based on ongoing dialogue with the authorities the remedy requirements are more complex than expected.
Cargotec and Konecranes have discussed remedies with relevant competition authorities based on a commitment offered to the European Commission to divest Konecranes' Lift Truck business and Cargotec's Kalmar Automation Solutions. Both companies consider the offered remedy package as sufficient and feasible. Further investigations regarding the proposed remedies and negotiations with relevant competition authorities regarding antitrust concerns continue.
Cargotec and Konecranes are awaiting the authorities’ decisions and continue to work towards the merger being completed by the end of H1 2022. Until all merger closing conditions are
Latest News
Rock Machinery becomes full-line Superior dealer with addition of conveying equipment
(Posted on 02/11/25)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Idwal announces regional leadership in Asia with commitment to growth
(Posted on 27/10/25)Idwal, the leading provider of independent vessel inspection and condition assessment services, has... Read more
Cavotec signs motorised reel order for Port Hedland in Australia
(Posted on 20/10/25)Cavotec has signed a contract with Australian construction and engineering company Civmec for the supply... Read more
ClassNK endorsement for OMC International’s Dynamic UKC System (DUKC)
(Posted on 17/10/25)ClassNK has granted its Innovation Endorsement for Products & Solutions to a Keel Clearance (UKC... Read more
Cavotec MoorMaster systems operational at Iroquois Lock in Canada
(Posted on 14/10/25)Cavotec has successfully delivered and commissioned three MoorMaster automated mooring systems at the... Read more
Cavotec MoorMaster Systems Operational at Iroquois Lock in Canada
(Posted on 14/10/25)Cavotec has successfully delivered and commissioned three MoorMaster automated mooring systems at the... Read more
Dualog launches app for fair and secure internet access for seafarers
(Posted on 14/10/25)Dualog has launched Quota, a next-generation app designed to give crew a fairer, more transparent and... Read more
Telestack launch largest capacity track mounted conveyor on the market
(Posted on 08/10/25)Northern Ireland based Telestack have launched launch the TCL 2031 tracked mounted conveyor, a powerful... Read more
Impressive 30 second loading cycle continues Muuga’s steady growth
(Posted on 07/10/25)The PK Terminal in the Estonian port of Muuga is continuing its steady growth trajectory by adding a... Read more
New SIP+ valve from HJ Lubricators dramatically cuts retrofit time
(Posted on 07/10/25)Hadsund, Denmark: Cylinder lubrication systems specialist HJ Lubricators has launched SIP+, a next-generation... Read more
