# European Commission opens Phase II review of Konecranes-Cargotec merger

The European Commission has opened a Phase II review of the proposed merger between Konecranes and Cargotec. The companies expect completion by the end of H1/2022.

- Type: Acquisition
- Announced: 2021-07-02
- Where: China
- Status: announced
- Products: cranes, material handling 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)

## Sources

- [kauppalehti.fi](https://www.kauppalehti.fi/porssitiedotteet/a/7c565f9b-ac57-56f6-a1a8-b9c21a7fdd08), 2021-07-02: "The EC has today opened a Phase II review in connection with the planned Transaction."
- [konecranes.com](https://www.konecranes.com/press-releases/state-administration-for-market-regulation-has-approved-the-merger-between-konecranes-and-cargotec-in-china), 2021-08-10: "Konecranes and Cargotec have received an unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger."

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