Columbus McKinnon to buy Stahl CraneSystems
Equipment

Columbus McKinnon to buy Stahl CraneSystems

Konecranes has signed an agreement with Columbus McKinnon Corporation for the sale of the STAHL CraneSystems business. Konecranes will receive cash proceeds of -Ç224-230 mn (US$ 240-247 mn) from the transaction, depending on the 2016 result of STAHL CraneSystems. Konecranes expects to book an after-tax capital gain of approximately -Ç190 mn (US$ 204 mn) on the closing of the STAHL divestment.

Contact: Konecranes.
Website: www.konecranes.com

Konecranes has signed an agreement with Columbus McKinnon Corporation for the sale of the STAHL CraneSystems business. Konecranes will receive cash proceeds of -Ç224-230 mn (US$ 240-247 mn) from the transaction, depending on the 2016 result of STAHL CraneSystems. Konecranes expects to book an after-tax capital gain of approximately -Ç190 mn (US$ 204 mn) on the closing of the STAHL divestment. Contact: Konecranes. Website: www.konecranes.com

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