Kalmar invests in expansion to its Ottawa plant

Kalmar, part of Cargotec, will be upgrading and expanding its manufacturing plant in Ottawa, Kansas, home to the company’s terminal tractor manufacturing operations in North America. The investment, worth close to EUR20 million, will eventually enable the plant’s annual production capacity to be doubled, making it the largest terminal tractor manufacturing facility in North America. […]

07/06/2022 - 08:48 am

Konecranes and Cargotec merger cancelled

The UK Competition & Markets Authority (CMA) has blocked the merger between Konecranes and Cargotec. According to the CMA’s final report issued today, the remedies – which would have removed all overlapping businesses of the two companies and were accepted by the European Commission (EC) – would not be effective in addressing the CMA’s concerns […]

29/03/2022 - 14:18 pm

European Commission conditionally approves Cargotec/Konecranes merger

The European Commission has conditionally approved the planned merger between Cargotec and Konecranes. The approval, which follows the Commission’s extensive investigation and widespread consultation with market participants across Europe, is conditional on the divestment of Konecranes’ Lift Truck business and Cargotec’s Kalmar Automation Solutions.  Konecranes’ Lift Truck business includes its business for the manufacturing and […]

25/02/2022 - 13:23 pm

Cargotec and Konecranes provide an update on planned merger

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 […]

14/02/2022 - 08:06 am

Kalmar partners with Coast Autonomous to speed the development of robotic solutions

Kalmar, part of Cargotec, has signed a joint development agreement with Coast Autonomous Inc to speed up the development and launch of robotic solutions across its mobile equipment offering.  To emphasise the common long-term interests of the partnership between the companies, Kalmar has become a minority shareholder of Coast Autonomous. The joint development agreement and […]

05/01/2022 - 15:24 pm

Konecranes and Cargotec seeks to satisfy competition concerns

Konecranes and Cargotec have submitted commitments to the European Commission to satisfy competition concerns related to the companies’ merger. Konecranes and Cargotec have continued an active dialogue and cooperation with the relevant competition authorities and have been considering ways to mitigate the concerns raised by the competition authorities to secure approvals to complete their merger. […]

10/12/2021 - 15:04 pm

Changes to Konecranes leadership

Konecranes president and CEO Rob Smith has decided to leave the company. He will leave Konecranes on 31 December 2021. The company’s CFO, Teo Ottola, who also serves as deputy CEO, will be acting as the interim CEO from 1 January 2022 until the completion of the planned merger between Konecranes and Cargotec Corporation (the […]

06/08/2021 - 07:31 am

The European Commission commences Phase II review of the merger between Konecranes and Cargotec

On 1 October 2020, Konecranes Plc (“Konecranes”) and Cargotec Corporation (“Cargotec”) announced that the companies had signed a combination agreement and planned to combine through a merger, subject to regulatory and other approvals (the “Transaction”). Konecranes and Cargotec confirm that they have filed for approval in many of the jurisdictions where the transaction requires regulatory […]

06/07/2021 - 15:44 pm

Cargotec refines its vision and strategy:

Cargotec’s board of directors has confirmed the company’s refined strategy and vision. Breakthrough objectives are sustainability and profitable growth. With its business areas Kalmar, MacGregor and Hiab, Cargotec’s vision is to become the global leader in sustainable cargo flow. Cargotec’s CEO Mika Vehviläinen said, “Our previous vision – becoming the global leader in intelligent cargo […]

28/04/2021 - 14:18 pm

Kalmar forklifts for Finnish steel plant 

Kalmar, part of Cargotec, will supply seven forklift trucks for Outokumpu’s Tornio stainless steel plant in Finland. The Q1 order will be delivered in Q2 and Q3 this year and includes a five year Essential Care service agreement. Outokumpu’s Tornio plant is the most integrated stainless steel operation in the world. The plant consists of […]

05/04/2021 - 15:30 pm

New Issue

LHI September 2022

In this month's issue