Sailors SocietyCleveland Cascades LtdBühler GmbHCoaltrans Asia 2021TBA GroupVan Aalst
  • Coaltrans Asia 2021
  • Port of Stockton
  • TOC Events
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Van Aalst
  • TBA Group

Konecranes and Cargotec to merge

Konecranes and Cargotec to merge

(Posted on 02/10/20)

Plans for Konecranes and Cargotec to merge have been announced in a move which will create a global leader in sustainable, intelligent material flow.

A statement released by Konecranes to customers and contacts highlighted the historic moment for Konecranes and the material handling industry as a whole.

The statement continued, “We are excited to be able to share more details with you as well as what the next steps are in your journey with us.

While Konecranes and Cargotec have been competitors for many years, we also have much in common: Nordic roots, a global outlook, an intense focus on safety and helping customers like you with their material flows, and a commitment to sustainable growth. The opportunity to join forces with Cargotec and create a leader in sustainable material flow resonated deeply with us.

The announcement comes at a pivotal moment in our industry’s development. When you look at trends like automation, robotics, electrification and digitalization, it is clear that together with Cargotec we have the opportunity to become something bigger, something greater than the sum of our parts. Our intelligent technology and broad service network will enable us to deliver even better lifecycle value to you and improve our ability to solve the sustainability challenges in the industry. Backing all of this will be our combined team of top global talent.

While we have taken a big step with the announcement today, there is still much work to do. The combination needs the transaction and competition approval processes to be completed, something we expect to happen by the end of 2021 at the earliest. We will keep you regularly updated as we work towards and meet our major milestones along the way.

Until closing, Konecranes and Cargotec will continue to operate separately and independently. From Konecranes’ perspective, we will continue to serve your needs with our utmost dedication. In that regard, nothing has changed at all – we continue to be as customer focused as before.

We are excited about the value that this merger shall create for customers, shareholders, and partners, and confident that this shall translate into mutual opportunity for both our companies.”

Latest News

Ocean Technologies releases 50 titles in Chinese

(Posted on 29/07/21)

Acknowledging the importance of China as a crew-supply nation, Ocean Technologies Group has added an... Read more


New Product Manager increases Superior’s wet processing resources

(Posted on 29/07/21)

Superior Industries, Inc., a U.S.-based manufacturer and global supplier of bulk material processing... Read more


New Bedeschi project for Italcementi

(Posted on 27/07/21)

Bedeschi has signed a new order with Italcementi for the supply of clay handling equipment and other... Read more


Survitec enhances lifeboat inspection solution

(Posted on 26/07/21)

Leading survival technology provider, Survitec, has relaunched its lifeboat inspection solution underpinned... Read more


Cimbria affirms sustainability focus with new Bamboo Chain Conveyor

(Posted on 23/07/21)

Cimbria, a world leader in the field of high-tech solutions for Grain & Seed processing, has strengthened... Read more


Takraf unloader key to Australian terminal’s expansion

(Posted on 20/07/21)

A TAKRAF double jib level luffing ship unloader has arrived at an important deep-water port on the Australian... Read more


RIX Shipmanagement selects KVH’s CaaS programme

(Posted on 15/07/21)

Global dry-cargo and multipurpose ship operator RIX Shipmanagement Ltd has chosen KVH Industries&rsquo... Read more


ABB’s new digital solution helps optimize ship performance

(Posted on 15/07/21)

New online platform, ABB Ability Marine Fleet Intelligence – Advisory, combines the power of cloud... Read more


Mastermind and DESMI sign BWMS agreement

(Posted on 13/07/21)

Mastermind Shipmanagement Ltd., Navkratis Ltd., and DESMI Ocean Guard A/S have announced that Mastermind... Read more


From Rostock to the world

(Posted on 11/07/21)

Since the start of production in 2005, Liebherr-MCCtec Rostock GmbH has manufactured and delivered well... Read more


TOC EventsCimbriaTMS Awards 2021The Wolfson Centre for Bulk Solids Handling Technology Port of South LouisianaTelestack
  • Port of South Louisiana
  • Telestack
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping