Independent journal on economy and transport policy
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Brussels authorizes the merger of Cargotec and Konecranes
The two companies will have to divest several businesses
February 25, 2022
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The European Commission has authorised the merger of Finns Cargotec and Konecranes, two of the world's top companies in the production of means of handling and lifting, which is free of the sale of some of the world's biggest assets. activity as finally proposed by the two same companies in order to respond to concerns raised by the concentration project ( of the February 3 2022). In particular, Cargotec is committed to completely exiting the market for portal cranes and straddle / shuttle carriers, including the sale of a factory in Poland and a licence for the use of Cargotec's Kalmar brand for this purpose. market segment, while Konecranes has committed to divest its production and marketing activities of reach stackers and other means of handling full and empty containers and forklift trucks, including related factories in Sweden and in China and the contracts with distributors.
The proposed merger of Cargotec and Konecranes has yet to be authorized by several antitrust authorities, including those of the United States and the United Kingdom.
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