Merger approved in China
(Posted on 12/08/21)
The State Administration for Market Regulation has approved the merger between Cargotec and Konecranes in China.
On 1 October 2020, Cargotec Corporation (“Cargotec”) and Konecranes Plc (“Konecranes”) announced that the companies had signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals (the “Transaction”).
Cargotec and Konecranes have received unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger.
The companies continue to work closely with the competition authorities in the remaining jurisdictions to obtain regulatory approvals. Cargotec and Konecranes are confident that the approvals will be received to allow completion of the Transaction by the end of H1/2022. Until completion, both companies will operate fully separately and independently.
Latest News
ESL connectivity upgrade enables smarter operations and supports crew wellbeing
(Posted on 15/11/25)ESL Shipping has taken a significant step forward in digitalisation by deploying a new multichannel... Read more
Junma partnership results in expansion and new orders for CMT
(Posted on 15/11/25)Condition Monitoring Technologies (CMT) has deepened its presence across Asia’s most influential... Read more
Contract signed for world’s largest battery-powered bulk carrier
(Posted on 10/11/25)After delivering its first full-scale seagoing project last week, Wattlab signed a contract at Europort... Read more
New Steelpaint contract with Germany’s inland waterways
(Posted on 10/11/25)Steelpaint GmbH has reported strong growth in orders for corrosion protection coatings on Germany&rsquo... Read more
Damen delivers Combi Freighter to Reederei Gerdes in Vietnam
(Posted on 04/11/25)Damen Shipyards Group has delivered its latest Combi Freighter (CF) 3850 to family owned German shipping... Read more
Electric drive on the rise
(Posted on 04/11/25)Liebherr, the global leader in mobile harbour crane technology, continues to drive innovation in sustainable... Read more
Electric drive on the rise
(Posted on 04/11/25)Liebherr, the global leader in mobile harbour crane technology, continues to drive innovation in sustainable... Read more
Electric drive on the rise
(Posted on 04/11/25)Liebherr, the global leader in mobile harbour crane technology, continues to drive innovation in sustainable... Read more
Electric drive on the rise
(Posted on 04/11/25)Liebherr, the global leader in mobile harbour crane technology, continues to drive innovation in sustainable... Read more
Concordia Damen starts major refit project for Reederei Deymann
(Posted on 04/11/25)Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland... Read more
