Cargotec/Konecranes (M.10078) [Archived]
Published by a LexisNexis Competition expert
Practice notesCargotec/Konecranes (M.10078) [Archived]
Published by a LexisNexis Competition expert
Practice notes
CASE HUB
ARCHIVED—this archived case hub reflects the position at the date of the decision of 24 February 2022; it is no longer maintained.
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Case facts
| Outline | European Commission merger investigation into the proposed merger between Cargotec Corporation and Konecranes Plc (M.10078). The proposed merger involves a horizontal overlap in the markets of container and cargo handling equipment. |
| Latest developments | On 24 February 2022, the Commission cleared the merger subject to commitments. The the Commission was concerned that the merger would have substantially lessened competition and likely led to higher prices in the EEA, with respect to a number of container and cargo handling equipment types (rubber-tired gantry cranes, straddle/shuttle carriers and mobile equipment). In each of these areas, the parties have very high market shares and face limited competition. In addition, the Commission found that the transaction, given the vertical integration of Konecranes' mobile equipment business with Cargotec's spreaders business, would have restricted access to a sufficient customer base for competing mobile equipment spreaders suppliers.To address the Commission’s concerns: (i) Cargotec has committed |
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