Cargotec and Konecranes announce merger to chase cost savings — Panjiva
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Supply Chain Research

Cargotec and Konecranes announce merger to chase cost savings

Finland 11 Germany 247 Industrials - Capital Goods 588 Ireland 14 Mergers 220 Sweden 19 U.S. 5328

Logistics equipment suppliers Cargotec and Konecranes have announced a merger due to be completed in 2022 in order to become a “global leader in material flows”. There’s evidence of a continued slowdown in activity from both firms with U.S. seaborne imports linked to Cargotec and Konecranes down by 12.3% and 7.1% year over year respectively in Q3’20. There may be the potential for economies of scale with supply chain restructuring. In terms of U.S. imports, Cargotec’s shipments are led by completed machines with 52.8% of the total while for Konecranes it is components that lead with 81.3...

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