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
NAVTOR partners with Risk Intelligence to integrate risk into route planning
(Posted on 29/09/25)NAVTOR has announced a breakthrough product launch with Risk Intelligence, helping global users of its... Read more
IRClass Systems and Solutions Pvt Ltd strengthens cybersecurity portfolio
(Posted on 29/09/25)IRClass Systems and Solutions Pvt Ltd (ISSPL), a leading provider of assurance, inspection, certification... Read more
New Telestack TITAN Truck intake system for Irish mining company’s port expansion
(Posted on 22/09/25)Northern Ireland based Telestack have announced that they have been awarded a contract for the supply... Read more
Dualog launches ID provider with single sign-on for crew
(Posted on 22/09/25)Dualog has introduced a major upgrade to its Dualog Mail platform with the launch of Identity Provider... Read more
Greek industrial gateway powers growth with electric Konecranes Gottwald MHC
(Posted on 14/09/25)As part of a plan to double its capacity while controlling emissions, Port of Thisvi operator DIA.VI... Read more
Bulker operator Norse Ship Management deploys Inmarsat NexusWave
(Posted on 14/09/25)Inmarsat Maritime, a Viasat company, together with distribution partner Station Satcom have secured... Read more
Nectar expands SE Asia presence with additional mobile bagging machines
(Posted on 09/09/25)Nectar Group, a leading provider of logistics and cargo handling solutions, is further solidifying its... Read more
US marine descaler Seascour strikes deal to supply historic Great Lakes vessel
(Posted on 09/09/25)Florida headquartered maritime innovator Seascour has struck a second deal to supply its organic marine... Read more
E-Crane introduces faster, safer and smarter bulk pan handling
(Posted on 01/09/25)E-Crane has introduced an innovative tilting device that redefines how bulk materials such as scrap... Read more
Fifth Siwertell road-mobile ship unloader for long-standing Med operator
(Posted on 01/09/25)Bruks Siwertell has delivered a next-generation Siwertell 10 000 S road-mobile ship unloader to a returning... Read more
