Dec 9, 2021ACQUISITION
Konecranes and Cargotec agree to divest Konecranes Lift Trucks and Kalmar Automation Solutions
As part of their merger, Konecranes and Cargotec have submitted commitments to the European Commission to divest Konecranes Lift Trucks and Kalmar Automation Solutions to satisfy competition concerns.
Value
$164.0M (222.0M SGD)
Productslift trucksautomation solutions
“The companies have submitted commitments to the European Commission to satisfy competition concerns.”worldcargonews.com
- 2 sources
- worldcargonews.comKonecranes/Cargotec merger – agreement to divest Konecranes Lift Trucks and Kalmar Automation Solutions ‣ WorldCargo NewsWCN EditorialDec 9, 2021
- rajahtannasia.comJebsen & Jessen's S$222 million divestment of its 50% stake in MHE-Demag | Rajah & Tann AsiaJan 8, 2022
Summarized from public sources; check the original articles before acting on it.
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