"Cargotec and Konecranes are confident that the proposed remedies appropriately address the concerns raised by the EC," the statement wrote. Should clearance be obtained based on the offered remedy package, the merger would proceed: comprising of Konecranes' Industrial Equipment and Service businesses as currently operated; Cargotec's MacGregor and Hiab businesses as currently operated; as well as the operations of Konecranes' Port Solutions and Cargotec's Kalmar businesses. "Cargotec and Konecranes are confident that the Future Company will create customer value within container handling industry with its wide product and lifecycle service offering, as well as development and innovation capabilities," the Board continued. Cargotec and Konecranes will announce the expected financial impact of the proposed remedies once information is available on scope and ancillary arrangements. The possible divestitures are further subject to various local legal requirements.