EU ‘conditional’ nod for Finnish firms’ merger
NewsThe Cargotec/Konecranes merger has cleared a major hurdle in the EU, but ‘challenging’ views from other regulators mean the timetable has been delayed.
Hitachi and Sumitomo have merged their crawlercrane divisions, to secure their position in the global crane market which has been diminishing during the past five years. A bigger, combined operation was deemed essential for continued R&D and for economical production.
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