Kalmar to transfer heavy cranes business
NewsKalmar’s STS and yard gantry crane assets and intellectual property will go to Rainbow Industries Co. Ltd (RIC) in China....
Cargotec exiting “heavy cranes”
NewsAfter the UK regulator denied the Cargotec and Konecranes merger application, Cargotec has decided to exit the STS and yard crane businesses...
Cargotec would transfer lift truck production from the MAU in Poland
NewsPurchasers of the KAS business will be able to take over the multi-assembly unit in Stargard, Poland...
Cargotec/Konecranes merger cancelled
NewsAs this edition of WorldCargo News was going to press, Cargotec and Konecranes announced that they were abandoning their merger plans after ...
Cargotec to exit STS and yard crane markets
NewsAs reported by WorldCargo News Online this month, Cargotec has decided that, as part of a restructuring plan that will see it put its MacGre...
EU issues “conditional approval” for Cargotec/Konecranes merger
NewsMerger clears a major hurdle, but “challenging” views from other regulators mean the timetable has been delayed....
Konecranes and Cargotec issue merger proposal update statement
NewsIn advance of their respective AGMs, on 30 March and 17 March respectively, Konecranes and Cargotec state that "dialogue with relevant compe...
Supply chain challenges hit Cargotec and Konecranes
NewsStrong demand for container shipping is driving healthy order books for equipment, but supply chain challenges limited sales and profitabili...
Konecranes/Cargotec merger – agreement to divest Konecranes Lift Trucks and Kalmar Automation Solutions
NewsThe companies have submitted commitments to the European Commission to satisfy competition concerns...
Cargotec/Konecranes propose ‘divestitures’ amid merger concerns
NewsThe proposed merger between Cargotec and Konecranes took a different path this month when both companies announced that they had submitted a...
UK CMA finds “SLC” if Cargotec and Konecranes merge
NewsA merger would result in substantial lessening of competition, argues the Competition & Markets Authority in its provisional findings; Konec...
Konecranes and Cargotec announce planned high-level operating model and leadership team for the “future company”
NewsThe proposed merger is still subject to regulatory approvals in certain jurisdictions, but the companies expect it to take place by the end ...
People on the move special – Cargotec makes key Executive board changes
NewsStefan Lampa has been replaced as head of Kalmar Mobile Solutions by Michel van Roozendaal...
Australian competition authority raises Cargotec/Konecranes merger concerns
NewsThe Australian Competition and Consumer Commission (ACCC) has raised a number of concerns about the proposed merger between Cargotec and Kon...
Cargotec & Konecranes claim “market dynamics” will preserve competition in straddle carriers after merger
NewsCompanies make the case to a competition regulator that a merger “will not substantially lessen competition in the supply of straddle carr...