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
OrbitMI focuses on data quality to fuel efficiency and sustainability
(Posted on 08/10/24)New York-based software-as-a-service company OrbitMI is prioritising data integrity with its Orbit vessel... Read more
80 years of innovation and growth celebrated at Martin Engineering
(Posted on 01/10/24)A world leader in bulk handling solutions, Martin Engineering, is marking 80 years of product innovation... Read more
OTG unlocks data insights with the launch of new dashboards
(Posted on 01/10/24)Ocean Technologies Group (OTG), the global leader in maritime human capital management solutions and... Read more
DNV approval for Hanwha Ocean's rotor sail technology
(Posted on 25/09/24)DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail... Read more
Alfa Laval secures major order for BWMS replacements
(Posted on 19/09/24)Alfa Laval has received an order to replace 18 ballast water treatment systems (BWMS) onboard vessels... Read more
Maritime industry faces growing pressure for data transparency
(Posted on 19/09/24)Charterers and insurers are demanding more transparency in vessel operations, yet many maritime companies... Read more
OLG announces partnership with maritime superapp platform FrontM
(Posted on 19/09/24)Digital training specialists OneLearn Global (OLG) has announced a new partnership with FrontM in a... Read more
New Fuel Insights platform reduces bunker quality risk
(Posted on 12/09/24)NorthStandard has launched ‘Fuel Insights’ - an exclusive real-time marine fuel intelligence... Read more
Kaiko Systems unveils KAI, a comprehensive maritime AI agent
(Posted on 12/09/24)Kaiko Systems is set to revolutionise vessel health management and operations with the launch of KAI... Read more
SMT selected to consult and advise on ammonia awareness training
(Posted on 12/09/24)Ammonia is fast becoming a potential alternative fuel for the future of green shipping but new fuels... Read more
