Cargotec Corporation - Konecranes Plc

Acquirer(s)

  • Cargotec Corporation

Target(s)

  • Konecranes Plc

Summary

Cargotec Corporation (Cargotec) proposes 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.

Market inquiries

Submissions are invited from interested parties regarding Cargotec’s proposed merger with Konecranes.

The closing date for submissions is 27 August 2021. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re: Cargotec / Konecranes – attention Will Sommers / Ben Roberts”.

Following the closing date, queries regarding the ACCC’s review may be addressed to Will Sommers / Ben Roberts at mergers@accc.gov.au. For more details, please refer to the attached market inquiries letter.

Market inquiries

Timeline

DateEvent
05/08/2021ACCC commenced review under the Merger Process Guidelines.
27/08/2021Closing date for submissions.
28/10/2021Proposed date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Will Sommers
  • Ben Roberts

Contact email