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Cargotec, Konecranes' merger plan faces Australian competition probe

By Laurel Henning ( August 5, 2021, 06:41 GMT | Insight) -- Finnish rivals Cargotec and Konecranes’ plan to merge and become a “global leader” in container-handling equipment will face a public review in Australia, following an announcement today from the country’s competition regulator. The review is set to focus on issues including how the merger will affect prices or service levels in the supply of container handling products and services in Australia, and whether the companies’ customers have access to alternative suppliers.Finnish rivals Cargotec and Konecranes’ plan to merge and become a “global leader” in container-handling equipment will face a public review in Australia, following an announcement today from the country’s competition regulator....

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