CMCO - Columbus McKinnon to acquire montratec expanding precision conveyance platform in Europe

2023-04-26 06:51:22 ET

• Columbus McKinnon ( NASDAQ: CMCO ) to acquire montratec GmbH, an automation solutions company that designs and develops intelligent automation and transport systems for interlinking industrial production and logistics processes.

• montratec provides multiple strategic benefits to Columbus McKinnon including growth, advances capabilities up the technology stack, significant revenue opportunities, and foundation or growth of precision conveyance platform in Europe.

• With ~$29M in revenue and 24% adjusted EBITDA margins in the calendar year ended December 31, 2022, montratec is expected to grow revenue over 30% in 2023.

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