Finland’s Konecranes is poised to acquire Rotterdam-based Peinemann Port Services BV and Peinemann Container Handling BV, a move that highlights its strategic expansion in the European market. This acquisition, which is pending approval from the Dutch competition authority, is expected to close in the fourth quarter of 2024. While the financial details of the deal have not been disclosed, it underscores Konecranes' commitment to enhancing its service offerings in the port and container handling sectors. Peinemann has established itself as a prominent port services provider in the Netherlands, known for its reliable operations and long-term contracts with various clients. The company specializes in a range of services, including terminal operations and container handling, which are essential for efficient port logistics. By acquiring these subsidiaries, Konecranes aims to bolster its operational capabilities and expand its footprint in a key European logistics hub, ultimately enhancing its competitive edge in the industry.