# Konecranes and Cargotec outline operating model for planned merger

Konecranes and Cargotec announced the planned high-level operating model and leadership team for their merger, expected to close by end of H1 2022.

- Type: Acquisition
- Announced: 2024-01-27
- Where: Finland
- Status: announced
- Products: material handling equipment, cranes, port solutions, on-road load handling equipment
- 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)
- [Kalmar](https://endata.com/companies/4960.md) (target)

## Sources

- [worldports.org](https://www.worldports.org/konecranes-and-cargotec-outline-operating-model-for-merger/), 2024-01-27: "Today marks a major step forward on the road to creating a global leader in sustainable material flow, and I’m confident we will have the right leaders to unlock that potential."
- [macgregor.com](https://www.macgregor.com/news-insights/releases/2024/inside-information-the-board-of-directors-of-cargotec-has-approved-a-demerger-plan-concerning-the-separation-of-kalmar-into-a-new-listed-company/), 2024-02-01: "The Board of Directors of Cargotec has approved a demerger plan concerning the separation of Kalmar into an independent listed company."

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