# European Commission conditionally approves Konecranes-Cargotec merger

The European Commission conditionally approved the planned merger between Konecranes and Cargotec, subject to the divestment of Konecranes' Lift Truck business and Cargotec's Kalmar Automation Solutions.

- Type: Acquisition
- Announced: 2022-02-24
- Status: announced
- Products: lift trucks, automation solutions
- 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) (target)

## Sources

- [konecranes.com](https://www.konecranes.com/press-releases/the-european-commission-conditionally-approved-the-proposed-merger-the-completion-remains-subject-to-further), 2022-02-24: "The European Commission has conditionally approved the planned merger between Konecranes and Cargotec."

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