# Kalmar to transfer heavy crane business to RIC

Kalmar, part of Cargotec, will transfer the intellectual property and assets of its heavy crane product line to China's RIC.

- Type: Acquisition
- Announced: 2022-07-14
- Where: China
- Status: announced
- Products: heavy cranes
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kalmar](https://endata.com/companies/4960.md) (target)
- [RIC](https://endata.com/companies/64145.md) (acquirer)

## Sources

- [vertikal.net](https://vertikal.net/en/news/year/2022?cb=ec49380bc0&page=21), 2022-07-14: "Kalmar, part of Cargotec, is to transfer the intellectual property and assets relating to its heavy crane product line to China’s RIC"

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