# Ukrainian regulator approves Cargotec-Konecranes merger

The Antimonopoly Committee of Ukraine has approved the merger of Finnish companies Cargotec and Konecranes, which owns the Zaporozhkran plant. The merger, announced in October 2020, is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-12-16
- Where: Finland
- Value: $450.0M (380.0M EUR)
- Status: announced
- Products: container 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)
- [Cargotec](https://endata.com/companies/1832.md) (acquirer)
- [Accel-KKR](https://endata.com/companies/53790.md) (acquirer)

## Sources

- [gmk.center](https://gmk.center/news/amku-odobril-sliyanie-cargotec-i-vladelca-zaporozhkrana-konecranes/), 2021-12-16: "Антимонопольный комитет Украины одобрил сделку по слиянию финских компаний по производству погрузочно-разгрузочного оборудования."
- [belgorod.kfork.ru](https://belgorod.kfork.ru/blog/god-vzletov-i-padeniy-chast-tretya/), 2022-01-25: "Cargotec завершила продажу своего бизнеса Navis американской технологической инвестиционной компании Accel-KKR за 380 миллионов евро (450 миллионов долларов США)."

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