# European Commission conditionally approves Cargotec and Konecranes merger

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

- Type: Acquisition
- Announced: 2022-03-24
- Where: Finland
- Status: announced
- Products: container handling equipment, reach stackers, container handlers, forklift trucks, cranes, straddle carriers
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

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

## Sources

- [heavyliftnews.com](https://www.heavyliftnews.com/finnish-merger-conditionally-approved-by-european-commission/), 2022-03-24: "The European Commission has conditionally approved the planned merger between Cargotec and Konecranes."

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