Acquirer(s)
- Cargotec Corporation
Target(s)
- Konecranes Plc
Summary
Cargotec Corporation (Cargotec) proposed to merge with Konecranes Plc (Konecranes).
In Australia, Cargotec’s Kalmar business and Konecranes’ Port Solutions business both supply container handling products and services (including cranes, horizontal transport equipment, mobile equipment, aftersales services and terminal consultancy services) to terminal operators.
Draft undertakings
| Document title | Date | |
|---|---|---|
| Cargotec _ Konecranes - MI letter for remedy proposal |
Market inquiries
| Document title | Date | |
|---|---|---|
| Cargotec Konecranes - market inquiries letter - 5 August 2021 |
Statement of issues
| Document title | Date | |
|---|---|---|
| Cargotec proposed merger with Konecranes - Statement of Issues |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
ACCC is awaiting information from the parties. Former provisional date for announcement of findings (17 February 2022) is delayed. |
|
ACCC commenced market consultation on proposed s87B undertakings. |
|
Closing date for submissions relating to the draft proposed divestment undertaking. |
|
ACCC discontinued its public review after Cargotec and Konecranes withdrew their application for informal merger clearance. |