Columbus McKinnon (CMCO) Acquires montratec GmbH
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Columbus McKinnon to Acquire montratec® GmbH Expanding Precision Conveyance Platform
April 26, 2023 6:30 AM EDTCreates significant growth synergy opportunities with the addition of asynchronous intelligent automation and transport systems to precision conveyance platform Advances strategic transformation with higher growth, higher margin profile Highly flexible, patented technology solutions provide process automation for attractive secular growth markets Expect acquisition to be accretive approximately twelve months after closing Proforma net leverage ratio on a financial covenant basis post-acquisition expected to be 2.7x Announces estimated preliminary unaudited financial results for fiscal 2023 fourth quarter; achieves record revenue, operating income and adjusted... More
