- Konecranes Plc
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.
|Cargotec _ Konecranes - MI letter for remedy proposal ( PDF 271.67 KB )||24 Feb 2022|
|Cargotec Konecranes - market inquiries letter - 5 August 2021 ( PDF 205.53 KB )||5 Aug 2021|
Statement of issues
|Cargotec proposed merger with Konecranes - Statement of Issues ( PDF 365.03 KB )||28 Oct 2021|
|05/08/2021||ACCC commenced review under the Merger Process Guidelines.|
|27/08/2021||Closing date for submissions.|
|28/10/2021||ACCC published a Statement of Issues outlining preliminary competition concerns.|
|19/11/2021||Closing date for submissions relating to Statement of Issues.|
|15/02/2022||ACCC is awaiting information from the parties. Former provisional date for announcement of findings (17 February 2022) is delayed.|
|24/02/2022||ACCC commenced market consultation on proposed s87B undertakings.|
|10/03/2022||Closing date for submissions relating to the draft proposed divestment undertaking.|
|30/03/2022||ACCC discontinued its public review after Cargotec and Konecranes withdrew their application for informal merger clearance.|