Cargotec and Konecranes agree to merge into sustainable material flow leader

Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.

“Cargotec Corporation and Konecranes Plc announce that their respective Boards of Directors have today signed a combination agreement and a merger plan to combine the two companies through a merger.”view.news.eu.nasdaq.com

• 1 source
• view.news.eu.nasdaq.comCargotec and Konecranes to Merge Creating a Global Leader in Sustainable Material FlowOct 1, 2020

Summarized from public sources; check the original articles before acting on it.