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
Telestack Installs new truck unloader for dry bulk storage and transhipment
(Posted on 22/10/24)Telestack, in collaboration with their long-term partner Van der Spek Vianen (VDS), has successfully... Read more
NSU to Install Rotor Sails to Valemax VLOC
(Posted on 19/10/24)NS United Kaiun Kaisha, Ltd. (NSU) and Vale International SA (Vale:) have reached an agreement to install... Read more
New loss prevention tool helps ships navigate heavy weather
(Posted on 18/10/24)Extreme weather incidents are increasing across the globe and the impact on cargo ships is evident.... Read more
Armada and Gibdock sign MoU for hull air lubrication installations
(Posted on 18/10/24)Gibdock Shipyard and Armada Technologies Ltd. are pleased to announce the signing of a Memorandum of... Read more
Superior and McCourt extend partnership
(Posted on 18/10/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
ESL Shipping to build series of fossil-free handysize vessels
(Posted on 14/10/24)ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, is building a series of... Read more
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
