# Konecranes and Cargotec merger approved by extraordinary general meeting

Konecranes' extraordinary general meeting approved the merger of Konecranes and Cargotec. The merger is expected to become effective in early 2022.

- Type: Acquisition
- Announced: 2020-12-18
- Where: Hyvinkää, Finland, Finland
- Status: announced
- Products: cranes, lifting equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Konecranes](https://endata.com/companies/511.md)
- [Cargotec](https://endata.com/companies/1832.md) (partner)
- [Cargotec](https://endata.com/companies/1832.md) (target)

## Sources

- [konecranes.com](https://www.konecranes.com/press-releases/konecranes-extraordinary-general-meeting-has-approved-the-merger-of-konecranes-plc-and-cargotec-corporation), 2020-12-18: "Konecranesin ylimääräinen yhtiökokous on hyväksynyt yhtiön sulautumisen konepajayhtiö Cargotecin kanssa."
- [yle.fi](https://yle.fi/a/3-11705259), 2020-12-18: "Konecranesin ylimääräinen yhtiökokous on hyväksynyt yhtiön sulautumisen konepajayhtiö Cargotecin kanssa."
- [forkliftaction.com](https://www.forkliftaction.com/newsletter/archive/1007.htm), 2021-01-07: "An extraordinary general meeting has approved the merger of Konecranes with Cargotec"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.