Merger approved in China
(Posted on 12/08/21)
The State Administration for Market Regulation has approved the merger between Cargotec and Konecranes in China.
On 1 October 2020, Cargotec Corporation (“Cargotec”) and Konecranes Plc (“Konecranes”) announced that the companies had signed a combination agreement and plan to combine through a merger, subject to regulatory and other approvals (the “Transaction”).
Cargotec and Konecranes have received unconditional approval from the State Administration for Market Regulation, the competition authority in China, for their planned merger.
The companies continue to work closely with the competition authorities in the remaining jurisdictions to obtain regulatory approvals. Cargotec and Konecranes are confident that the approvals will be received to allow completion of the Transaction by the end of H1/2022. Until completion, both companies will operate fully separately and independently.
Latest News
ESL Shipping to build series of fossil-free handysize vessels
(Posted on 14/10/24)ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, is building a series of... Read more
OrbitMI focuses on data quality to fuel efficiency and sustainability
(Posted on 08/10/24)New York-based software-as-a-service company OrbitMI is prioritising data integrity with its Orbit vessel... Read more
80 years of innovation and growth celebrated at Martin Engineering
(Posted on 01/10/24)A world leader in bulk handling solutions, Martin Engineering, is marking 80 years of product innovation... Read more
OTG unlocks data insights with the launch of new dashboards
(Posted on 01/10/24)Ocean Technologies Group (OTG), the global leader in maritime human capital management solutions and... Read more
DNV approval for Hanwha Ocean's rotor sail technology
(Posted on 25/09/24)DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail... Read more
Alfa Laval secures major order for BWMS replacements
(Posted on 19/09/24)Alfa Laval has received an order to replace 18 ballast water treatment systems (BWMS) onboard vessels... Read more
Maritime industry faces growing pressure for data transparency
(Posted on 19/09/24)Charterers and insurers are demanding more transparency in vessel operations, yet many maritime companies... Read more
OLG announces partnership with maritime superapp platform FrontM
(Posted on 19/09/24)Digital training specialists OneLearn Global (OLG) has announced a new partnership with FrontM in a... Read more
New Fuel Insights platform reduces bunker quality risk
(Posted on 12/09/24)NorthStandard has launched ‘Fuel Insights’ - an exclusive real-time marine fuel intelligence... Read more
Kaiko Systems unveils KAI, a comprehensive maritime AI agent
(Posted on 12/09/24)Kaiko Systems is set to revolutionise vessel health management and operations with the launch of KAI... Read more
