# Cargotec and Konecranes merger under Phase II review by European Commission

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

- Type: Acquisition
- Announced: 2021-07-03
- Where: Finland
- Status: announced
- Products: cargo handling equipment, cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [handling-network.com](https://www.handling-network.com/merger-between-cargotec-and-konecrane-underway/), 2021-07-03: "The EC has today opened a Phase II review in connection with the planned Transaction."

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