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Cargotec, Konecranes global deal sparks regulatory scrutiny in New Zealand

By Laurel Henning ( September 7, 2021, 05:12 GMT | Insight) -- Finnish rivals Cargotec and Konecranes’ plan to merge and become a “global leader” in container-handling equipment is set to face a review in New Zealand, after the companies filed a clearance application with the country's competition regulator. In a statement today, the New Zealand Commerce Commission announced receipt of the clearance application, saying both companies provided a range of cargo container handling equipment in the national market.Finnish rivals Cargotec and Konecranes’ plan to merge and become a “global leader” in container-handling equipment is set to face a review in New Zealand, after the companies filed a clearance application with the country's competition regulator. ...

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