UK’s Competition and Markets Authority raises concerns over Cargotec-Konecranes merger

The UK’s Competition and Markets Authority (CMA) has provisionally found that the merger between Cargotec and Konecranes would lead to a significant reduction in competition in the supply of a range of container handling equipment products.

The organisation claims that the anticipated merger would lead to a significant lessening of competition in the supply of rubber-tyred gantry (RTG) cranes, automated stacking cranes (ASCs), reachstackers, heavy-duty forklifts, empty container handlers, straddle carriers and shuttle carriers.

Martin Coleman, chair of the CMA inquiry group, said: “We are currently concerned that this merger could lead to a reduced quality of service or higher prices for port terminals and other customers of container handling equipment.