# Cargotec and Konecranes cancel planned merger after UK CMA blocks deal

The UK Competition & Markets Authority blocked the merger between Cargotec and Konecranes, leading the companies to jointly cancel the planned merger on March 29, 2022.

- Type: Closure
- Announced: 2022-03-29
- Where: United Kingdom
- Value: $5.00B (4.50B EUR)
- Status: cancelled
- 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)
- [MacGregor](https://endata.com/companies/1831.md) (partner)
- [Kalmar](https://endata.com/companies/4960.md) (partner)
- [Kalmar](https://endata.com/companies/4960.md) (target)

## Sources

- [kalmarglobal.com](https://www.kalmarglobal.com/news--insights/press_releases/2022/the-uk-cma-blocks-the-merger/), 2022-03-29: "The UK CMA blocks the merger between Cargotec and Konecranes and thus the Companies have Jointly Decided to Cancel the Planned Merger."
- [reuters.com](https://www.reuters.com/business/konecranes-cargotec-cancel-merger-after-uk-watchdog-says-no-2022-03-29/), 2022-03-29: "The merger, which would combine engineering group Konecranes and cargo handling machinery maker Cargotec, would harm competition in the supply of container handling equipment products."
- [worldcargonews.com](https://www.worldcargonews.com/cargo-handling-equipment/2022/03/cargotec-exiting-heavy-cranes/), 2022-03-30: "We realised early on in the merger application process that it would be an uphill struggle getting it past all the competition authorities, so we drew up an alternative strategy."
- [container-news.com](https://container-news.com/cargotec-plans-to-exit-kalmars-heavy-port-cranes-business-ponders-macgregor-sale/), 2022-03-30: "Cargotec will shift Kalmar's focus towards mobile solutions and will start planning an exit from the heavy port cranes business."
- [heavyliftpfi.com](https://www.heavyliftpfi.com/business/2022/04/04/cargotec-lines-up-kalmar-heavy-port-cranes-exit-weighs-up-options-for-macgregor/), 2022-04-04: "Following the cancellation of the merger with Konecranes, Cargotec has decided to exit Kalmar's heavy cranes business and started evaluating strategic options for MacGregor."
- [handling-network.com](https://www.handling-network.com/uk-cma-blocks-the-merger-between-cargotec-konecranes-planned-merger-called-off/), 2022-04-09: "The UK Competition & Markets Authority (“CMA”) has blocked the 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.