# Konecranes and Cargotec merger approved by Chinese regulator

The State Administration for Market Regulation in China has unconditionally approved the planned merger between Konecranes and Cargotec. The companies expect to complete the transaction by the end of H1/2022.

- Type: Acquisition
- Announced: 2025-05-13
- Where: China
- Status: announced
- Products: industrial cranes, material handling equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [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

- [inderes.se](https://www.inderes.se/en/releases/konecranes-oyj-state-administration-for-market-regulation-has-approved-the-merger-between-konecranes-and-cargotec-in-china), 2025-05-13: "Konecranes and Cargotec have received an unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger."

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