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

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

Konecranes and Cargotec to merge                        

Cargotec and Konecranes have announced that they have signed an agreement and a merger plan to combine the two companies. It is anticipated that the merged companies will be well positioned to lead the industry shift towards increased sustainability based on intelligent solutions, by being a lifecycle partner for its customers and prioritising safety in […]

12/10/2020 - 22:06 pm

New Issue

LHI July/August 2022

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