Cargotec and Konecranes to merge creating a global leader in sustainable material flow.

The proposed combination will be implemented as a statutory absorption merger whereby Konecranes will be merged into Cargotec. Cargotec and Konecranes shareholders would both own approximately 50% of the shares and votes of the combined company after the merger is completed.

Cargotec is being advised by Advium Corporate Finance as lead financial advisor.

Additional information: Stock Exchange Release