# Chinese regulator unconditionally approves Konecranes-Cargotec merger

China's State Administration for Market Regulation granted unconditional approval for the merger of Konecranes Plc and Cargotec Corporation. The merger, announced in October 2020, is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-10-08
- Where: Helsinki, Finland
- Status: announced
- Products: container cranes, industrial cranes, material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [m.simic.net.cn](http://m.simic.net.cn/news-show.php?id=251882), 2021-10-08: "两家公司的合并计划已经收到了中国反垄断部门——国家市场监督管理总局的'无条件批准'。"
- [macgregor.com](https://www.macgregor.com/news-insights/releases/2021/cargotec-and-konecranes-announce-planned-high-level-operating-model-and-leadership-team-for-the-future-company/), 2021-11-04: "Cargotec and Konecranes will merge to create a global leader in sustainable material flow."
- [portseurope.com](https://www.portseurope.com/cargotecs-kalmar-and-konecranes-port-solutions-the-new-global-leader-in-material-handling-solutions/), 2021-11-07: "By mid-2022, Konecranes and Cargotec will merge to create 'a global leader in sustainable material flow'."
- [dredgewire.com](https://dredgewire.com/konecranes-and-cargotec-outline-operating-model-for-merger/), 2021-11-09: "The planned high-level operating model of the Future Company is the result of months of integration planning work and the benchmarking of best practices across various industries."

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