The EU Commission conditionally clears the merger between 2 providers of cargo and load handling services (Cargotec / Konecranes)

Mergers: Commission clears the merger of Cargotec with Konecranes, subject to conditions* The European Commission has approved, under the EU Merger Regulation, the proposed merger between Cargotec and Konecranes. The approval is conditional on the divestiture of certain businesses. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Cargotec and Konecranes are two global leaders of container and cargo handling equipment. Port terminal operators, logistics companies and a wide range of industrial players in Europe depend on this equipment to lift and carry containers and heavy loads. In the current container shipping industry landscape, we needed to make sure that this merger would not harm the supply chains by further price increases. Following the

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European Commission, The EU Commission conditionally clears the merger between 2 providers of cargo and load handling services (Cargotec / Konecranes), 24 February 2022, e-Competitions February 2022, Art. N° 105361

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