Inside the News - Edition #1181

Barbara Adam -
Inside the News
- 30 May 2024 ( #1181 )
1 min read

This week we update a twisty tale that began as a proposed super-merger and has (almost) ended in a series of demergers.

The story is Cargotec, which announced in October 2020 that it planned to merge with Finnish crane maker Konecranes to create a materials handling super-giant.

However, the merger was abandoned after the United Kingdom’s anti-competition watchdog vetoed the plan.

Now Cargotec is on the verge of splitting into three, with a prospectus issued for the listing of a demerged Kalmar. More details are in this week's news.

This week we also bring you reports of new technology, new partnerships and ongoing concerns about climate change.

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Inside The News
New data reveals "mixed supply chain dynamics" for the US materials handling sector with new shipments and overall business activity increasing while new orders and inventories fell, according to the MHI Business Activity Index (BAI)... Continue reading
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