Konecranes Cargotec

Konecranes and Cargotec lament regulator’s merger competition concerns

Konecranes and Cargotec have outlined their disagreement to the Competition & Market Authority’s (CMA) concern regarding a merger between the two companies. The CMA’s decision made on 26 November found that the merger would lead to a “significant reduction” in competition in the supply of container handling equipment product. The CMA’s investigation analysed data on […]

Cargotec Konecranes

Konecranes and Cargotec outline operating model for merger

Finnish crane manufacturer Konecranes previously announced that they will be merging with Cargotec to form a global leader in sustainable material flow, the Future Company. For this merger, which is expected to take place by the end of H1 2022, both companies have announced the planned high-level operating model and leadership team for the new […]

Cargotec to pursue fossil-free steel cargo handling equipment

Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the cargo handling industry. The companies will start coordinated development toward the use of SSAB’s fossil-free steel in Cargotec’s cargo handling equipment. Steel and steel components are the main contributors for CO2 footprint at Cargotec’s scope three (value chain) upstream emissions. […]

Cargotec-Konecranes merger granted approval

Cargotec-Konecranes merger granted approval by Chinese regulator

The proposed merger between Cargotec and Konecranes is a step nearer completion after it was granted approval by regulators in China. In a statement, Cargotec said it has received “unconditional approval” from the State Administrator for Market Regulation, the competition authority in China, for the planned merger. “The companies continue to work closely with the […]

Cargotec and Konencranes a step closer to merging with new CEO

Cargotec and Konecranes select new CEO as merger nears completion

The merger between Cargotec and Konecranes has taken another step towards completion with the appointment of Mika Vehviläinen as the President and CEO of the new business. In a joint statement the two companies said Vehviläinen’s appointment will become effective as soon as the merger is fully finalised, which is due to happen by the […]