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
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading
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Upcoming in the editorial calendar
MANAGING MIXED FLEETS
Oct 2025
ASSET FINANCE
Nov 2025
Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist