Mergers and Acquisitions News in Finland

Wärtsilä Acquires PortLink Global to Accelerate its Smart Port Ecosystem Vision
6/15/2022 - • Wärtsilä Voyage accelerates path to building end-to-end connected maritime ecosystem
• PortLink Global and Wärtsilä Voyage successful collaboration, including in Peru, Brazil, and Morocco, has...
Boreo Acquired the GT Motor Machining Business
5/30/2022 - Boreo has signed a new long-term lease agreement with OP Life Insurance regarding the group’s main premises located in address Ansatie 5, Vantaa. As a result of the new agreement Machinery Oy, part of...
Neste’s Fully Owned Neste Engineering Oy to be Merged into Neste Corporation
4/29/2022 - Neste’s Board of Directors has approved a merger plan according to which the company’s wholly-owned subsidiary Neste Engineering Solutions Oy will be merged into Neste Corporation.
The UK CMA Blocks the Merger between Cargotec and Konecranes
3/29/2022 - The UK Competition & Markets Authority (“CMA”) has blocked the merger between Cargotec and Konecranes. According to the CMA’s final report issued today, the remedies - which would have removed all ove...
The European Commission Conditionally Approved the Proposed Merger
2/24/2022 - The European Commission has conditionally approved the planned merger between Konecranes and Cargotec. The approval – which follows the Commission’s extensive investigation and widespread consultation...
The European Commission Conditionally Approved the Proposed Merger
2/24/2022 - The European Commission has conditionally approved the planned merger between Cargotec and Konecranes. The approval – which follows the Commission’s extensive investigation and widespread consultation...
Cargotec & Konecranes Provide an Update on Planned Merger
2/3/2022 - As previously communicated, Cargotec and Konecranes have continued their dialogue and cooperation with relevant competition authorities to find satisfactory ways to mitigate concerns raised by the com...
Progress in Regulatory Proceedings in the Merger between Cargotec and Konecranes
12/9/2021 - As communicated earlier, Cargotec and Konecranes have continued active dialogue and cooperation with relevant competition authorities, and have been considering ways to mitigate the concerns raised by...
Cargotec & Konecranes Note CMA’s Announced Provisional Findings Regarding the Planned Merger
11/26/2021 - Cargotec and Konecranes note that the Competition & Market Authority of the United Kingdom (“CMA”) has announced its Provisional Findings and published its Notice of Possible Remedies regarding the pl...
Cargotec Completes Sale of its Navis Business to Technology Investment firm Accel-KKR
7/2/2021 - Cargotec has completed the sale of its Navis business to the US technology investment firm Accel-KKR for an enterprise value of EUR 380 million. Accel-KKR has transferred EUR 350 million of the enterp...
EC Commences Phase II Review of the Merger between Cargotec & Konecranes
7/2/2021 - On 1 October 2020, Cargotec Corporation (“Cargotec”) and Konecranes Plc (“Konecranes”) announced that the companies have signed a combination agreement and plan to combine through a merger, subject to...
Cargotec’s MacGregor Concludes Agreement on TTS marine
1/12/2021 - Further to completion of the acquisition of the marine and offshore businesses of TTS Group ASA (now Nekkar ASA) on 31 July 2019, Cargotec’s MacGregor business area has concluded a settlement agreemen...
Neste Acquires Minority Stake in Alterra Energy
1/4/2021 - Neste, the world’s leading provider of renewable diesel and sustainable aviation fuel and an expert in delivering drop-in renewable and circular chemical solutions, announced that it has acquired a mi...
The Finnish Authority Approved the Combination of Cargotec & Konecranes Plc
12/3/2020 - Cargotec Corporation and Konecranes Plc announced on 1 October 2020 that the Boards of Directors of Cargotec and Konecranes have agreed upon the combination of the two companies by signing a combinati...
Valmet Acquires Neles
9/29/2020 - Valmet announced 14.88 percent share acquisition of Neles’ shares from Solidium Oy on June 17, 2020 and has gradually increased its ownership further to 29.5%.

Valmet sees that a combina...
Neste Sells its Shares in Nynas to Bitumina Industries
9/18/2020 - Neste AB has sold its 49.99% shares in Nynas AB to Bitumina Industries Ltd on Tuesday 15 September 2020.

“We have been an owner in Nynas since the 1990’s and have seen the company develop ...
MacGregor Acquired Marine and Offshore Businesses of TTS Group
7/31/2019 - Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for ...
Cargotec to Establish JV Specialised in Dry Bulk Handling with JCE Invest AB
5/9/2018 - Cargotec has signed an agreement with JCE Invest AB to establish a joint venture, Bruks Siwertell Group, specialized in dry bulk handling. The new joint venture will own Siwertell AB (previously part ...
Wartsila to Acquire Puregas Solutions
10/4/2017 - The technology group Wartsila has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subs...

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