German Bundeskartellamt has approved divestment of STAHL CraneSystems to Columbus McKinnon

On December 7, 2016, Konecranes announced that it has signed an agreement with Columbus McKinnon Corporation (NASDAQ: CMCO) (“Columbus McKinnon”) regarding the divestment of the STAHL CraneSystems business (“STAHL Divestment”). German Bundeskartellamt merger control has on January 5, 2017, approved the STAHL Divestment. This approval was the final condition for closing.

As there are no additional contingencies on the closing of the STAHL Divestment, Konecranes and Columbus McKinnon intend to close it on or about January 31, 2017.

KONECRANES PLC

Miikka Kinnunen
Vice President, Investor Relations

 

FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, tel. +358 (0)20 427 2050

 

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has 18,000 employees at 600 locations in 50 countries. Konecranes class A share is listed on Nasdaq Helsinki (symbol: KCR).

 

DISTRIBUTION
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Major media
www.konecranes.com