The EU Commission opens an in-depth investigation into proposed merger between two cargo handling services companies (Cargotec / Konecranes)

Mergers: Commission opens in-depth investigation into proposed merger of Cargotec and Konecranes* The European Commission has opened an in-depth investigation to assess the proposed merger of Cargotec Corporation (‘Cargotec') and Konecranes Plc (‘Konecranes') under the EU Merger Regulation. The Commission is concerned that the proposed acquisition may reduce competition in the supply of certain container and cargo handling equipment in Europe. Executive Vice-President Margrethe Vestager, responsible for competition policy, said: ”Cargotec and Konecranes are two global leaders in the supply of container and cargo handling equipment.

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European Commission, The EU Commission opens an in-depth investigation into proposed merger between two cargo handling services companies (Cargotec / Konecranes) , 2 July 2021, e-Competitions July 2021 - II, Art. N° 101434

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