Cargotec, Konecranes Propose Remedies to Allay Antitrust Concern

Cargotec and Konecranes submitted a remedy package to the European Commission to mitigate concerns raised by the competition authorities on their merger’s impact on the market.

• Remedies comprise of a commitment to divest Konecranes’ Lift Truck business and Cargotec’s Kalmar Automation Solutions
  • Proposed divestitures would eliminate overlaps between the parties’ container handling equipment businesses
  • Companies say divestments will not change the industrial logic behind the combination
• Companies say they understand that the EC will now examine the proposed remedy package and may conduct a customary market testing
• Cargotec and Konecranes remain confident that the merger will be completed by the ...