Columbus McKinnon to Acquire Kito Crosby for $2.7B

Columbus Mckinnon ( (CMCO) ) has issued an update.

Columbus McKinnon announced an agreement to acquire Kito Crosby Limited in a $2.7 billion transaction, enhancing its scale and strategic positioning in the intelligent motion solutions market. The acquisition is expected to create significant synergies, including $70 million in annual cost savings and a substantial boost in revenue and EBITDA, while also supporting long-term growth and operational excellence. The deal is backed by committed debt financing and a preferred equity investment from CD&R, and is expected to close within the year, pending regulatory approvals.

More about Columbus Mckinnon

Columbus McKinnon Corporation is a leading company in the intelligent motion solutions industry for material handling, designing, manufacturing, and marketing a wide range of products. The company is focused on expanding its scale and product scope to become a holistic provider in the materials handling sector.

YTD Price Performance: -43.84%

Average Trading Volume: 282,039

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.02B

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