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 launches enhanced Data-as-a-Service for dry bulk
(Posted on 22/07/24)OrbitMI has announced the launch of its latest Data-as-a-Service (DaaS) offering, tailored specifically... Read more
Flexicon marks 50 years
(Posted on 22/07/24)Flexicon Corporation, a privately-held firm and world leader in bulk handling equipment and systems,... Read more
Siwertell ship loader order for high-capacity fertilizer handling
(Posted on 16/07/24)Bruks Siwertell has secured an order for a Siwertell ship loader type-1A from Libyan Fertilizer Company... Read more
ECOsubsea invests in Singapore with NOK 35m from Innovation Norway
(Posted on 16/07/24)It is a climate and environmental problem that ship hulls are not cleaned often and gently. After being... Read more
ECOsubsea invests in Singapore with NOK 35m from Innovation Norway
(Posted on 16/07/24)It is a climate and environmental problem that ship hulls are not cleaned often and gently. After being... Read more
Berge Neblina sets sail with four carbon-saving rotor sails
(Posted on 12/07/24)Berge Bulk has announced the successful installation of four emissions-reducing rotor sails on Berge... Read more
Wärtsilä simulators to support Singapore's Wavelink Maritime Institute
(Posted on 12/07/24)Technology group Wärtsilä has supplied its new dual-fuel engine simulator technology for Wavelink... Read more
Oulu extends cargo handling with Konecranes Gottwald
(Posted on 04/07/24)The Finnish Port of Oulu has ordered a Konecranes Gottwald ESP.7 Portal Harbor Crane to improve cargo... Read more
Intergis adds flexibility in South Korea with Konecranes Gottwald Gen 6 MHC
(Posted on 28/06/24)Intergis Co., Ltd ordered a Konecranes Gottwald ESP.5 Mobile Harbour Crane to improve its bulk and general... Read more
Live freight rate visibility across routes and maturities
(Posted on 28/06/24)AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence... Read more
