Cargotec merger approved

The Finnish Financial Supervisory Authority has approved the prospectus for the planned merger between Konecranes and Cargotec.

The two companies announced a merger plan in October, which will see Konecranes merge into Cargotec - see: Cargotec and Konecranes to merge. The combined group would have revenues in the region of €7 billion with operating profits of €565 million, with 29,400 employees across over 50 countries with 8,500 service employees working from 800 service locations.

The deal will now require the agreement of a majority of two thirds of the shareholders with completion expected in the fourth quarter of 2021.


This website is using cookies to provide an optimised user experience. By continuing you are agreeing to the use of cookies. More Info