Freight News, Sea, Logistics

Handling equipment makers cleared to merge

[ February 25, 2022   //   ]

The European Commission has approved the proposed merger between cargo handling equipment makers Cargotec and Konecranes, conditional on the divestiture of certain businesses. It said the remedies offered by the two companies would continue to give customers in Europe sufficient choice of port equipment competitive prices and a choice of technology. The two companies are the largest European and amongst the leading global manufacturers of container and cargo handling equipment, as well as providers of terminal automation solutions.