On Friday 2 July, the European Commission opened an in-depth investigation to examine the proposed merger of Cargotec Corporation (Cargotec) and Konecranes Plc (Konecranes) under the EU Merger Regulation.
Cargotec and Konecranes are the two largest European manufacturers and among the leading global manufacturers of container handling equipment and cargo solutions. They also provide terminal automation solutions.
At this stage, the Commission is concerned that the transaction may lead to a...