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.
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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.
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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.
For further details see:
Columbus McKinnon to acquire montratec expanding precision conveyance platform in Europe