{"id":9355,"date":"2021-07-06T01:33:25","date_gmt":"2021-07-06T01:33:25","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=9355"},"modified":"2021-07-05T12:39:26","modified_gmt":"2021-07-05T12:39:26","slug":"konecranes-cargotec-merger-nears","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/","title":{"rendered":"Konecranes-Cargotec Merger Nears"},"content":{"rendered":"

The European Commission has commenced a Phase II review of the merger between Konecranes<\/a> and Cargotec<\/a>. Completion of the merger is expected by the end of H1\/2022.<\/p>\n

On 1 October 2020, Konecranes Plc<\/a> and Cargotec Corporation<\/a> announced that the companies have signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals.<\/p>\n

Konecranes<\/a> and Cargotec<\/a> confirm that they have filed for approval in many of the jurisdictions where the transaction requires regulatory review. The various competition authorities, including the European Commission (\u201cEC\u201d), the UK Competition and Markets Authority, the US Department of Justice and the Chinese State Administration for Market Regulation, are currently reviewing the proposed Transaction.<\/p>\n

The EC has opened a Phase II review in connection with the planned transaction. The Phase II review is a common step in the EC merger review of global transactions of this size. Phase II will enable the EC to consider the contemplated transaction in further detail.<\/p>\n

\"\"

The companies are confident that the approvals are received to allow completion of the transaction by the end of H1\/2022.<\/p><\/div>\n

Konecranes<\/a> and Cargotec<\/a> will continue to work closely and in active dialogue with the relevant authorities including the EC allowing to mitigate or eliminate preliminary concerns that the EC has raised. The companies expect that the Phase II review will continue during H2\/2021.<\/p>\n

The companies are confident that the approvals are received to allow completion of the transaction by the end of H1\/2022. Until completion, both companies will operate fully separately and independently.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Commission has commenced a Phase II review of the merger between Konecranes and Cargotec. Completion of the merger is expected by the end of H1\/2022. On 1 October 2020, Konecranes Plc and Cargotec Corporation announced that the companies have signed a combination agreement and plan to combine through a merger, subject to regulatory… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":9356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[156,314,74,89,6,977,6186,106,6187],"class_list":["post-9355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-cargotec","tag-crane","tag-cranes","tag-hoist","tag-hoists","tag-konecranes","tag-konecranes-cargotec","tag-material-handling","tag-us-department-of-justice"],"acf":[],"yoast_head":"\nKonecranes-Cargotec Merger Nears - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Konecranes-Cargotec Merger Nears - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"The European Commission has commenced a Phase II review of the merger between Konecranes and Cargotec. Completion of the merger is expected by the end of H1\/2022. On 1 October 2020, Konecranes Plc and Cargotec Corporation announced that the companies have signed a combination agreement and plan to combine through a merger, subject to regulatory... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/\" \/>\n<meta property=\"og:site_name\" content=\"Find A Distributor Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-06T01:33:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"696\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"fad\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/\"},\"author\":{\"name\":\"fad\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"headline\":\"Konecranes-Cargotec Merger Nears\",\"datePublished\":\"2021-07-06T01:33:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/typorama-4.png\",\"keywords\":[\"Cargotec\",\"Crane\",\"Cranes\",\"Hoist\",\"hoists\",\"Konecranes\",\"Konecranes Cargotec\",\"Material Handling\",\"US Department of Justice\"],\"articleSection\":[\"Homepage Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/\",\"name\":\"Konecranes-Cargotec Merger Nears - Find A Distributor Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/typorama-4.png\",\"datePublished\":\"2021-07-06T01:33:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/typorama-4.png\",\"contentUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/typorama-4.png\",\"width\":1280,\"height\":696,\"caption\":\"The companies are confident that the approvals are received to allow completion of the transaction by the end of H1\\\/2022.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/konecranes-cargotec-merger-nears\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Konecranes-Cargotec Merger Nears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\",\"name\":\"Find A Distributor Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\",\"name\":\"fad\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"caption\":\"fad\"},\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/author\\\/fad\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Konecranes-Cargotec Merger Nears - Find A Distributor Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/","og_locale":"en_US","og_type":"article","og_title":"Konecranes-Cargotec Merger Nears - Find A Distributor Blog","og_description":"The European Commission has commenced a Phase II review of the merger between Konecranes and Cargotec. Completion of the merger is expected by the end of H1\/2022. On 1 October 2020, Konecranes Plc and Cargotec Corporation announced that the companies have signed a combination agreement and plan to combine through a merger, subject to regulatory... Read More","og_url":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/","og_site_name":"Find A Distributor Blog","article_published_time":"2021-07-06T01:33:25+00:00","og_image":[{"width":1280,"height":696,"url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png","type":"image\/png"}],"author":"fad","twitter_misc":{"Written by":"fad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#article","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/"},"author":{"name":"fad","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"headline":"Konecranes-Cargotec Merger Nears","datePublished":"2021-07-06T01:33:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/"},"wordCount":261,"commentCount":0,"image":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png","keywords":["Cargotec","Crane","Cranes","Hoist","hoists","Konecranes","Konecranes Cargotec","Material Handling","US Department of Justice"],"articleSection":["Homepage Featured","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/","url":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/","name":"Konecranes-Cargotec Merger Nears - Find A Distributor Blog","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#primaryimage"},"image":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png","datePublished":"2021-07-06T01:33:25+00:00","author":{"@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"breadcrumb":{"@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#primaryimage","url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png","contentUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2021\/07\/typorama-4.png","width":1280,"height":696,"caption":"The companies are confident that the approvals are received to allow completion of the transaction by the end of H1\/2022."},{"@type":"BreadcrumbList","@id":"https:\/\/www.findadistributor.com\/news\/konecranes-cargotec-merger-nears\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.findadistributor.com\/news\/"},{"@type":"ListItem","position":2,"name":"Konecranes-Cargotec Merger Nears"}]},{"@type":"WebSite","@id":"https:\/\/www.findadistributor.com\/news\/#website","url":"https:\/\/www.findadistributor.com\/news\/","name":"Find A Distributor Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.findadistributor.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff","name":"fad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","caption":"fad"},"url":"https:\/\/www.findadistributor.com\/news\/author\/fad\/"}]}},"_links":{"self":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/9355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/comments?post=9355"}],"version-history":[{"count":1,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/9355\/revisions"}],"predecessor-version":[{"id":9357,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/9355\/revisions\/9357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media\/9356"}],"wp:attachment":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media?parent=9355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/categories?post=9355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/tags?post=9355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}