Columbus McKinnon Corporation announced that Konecranes Plc has received approval from the European Commission regarding Columbus McKinnon’s acquisition of STAHL CraneSystems (“STAHL”).
The Company’s acquisition of STAHL is expected to close between January 31, 2017 and April 30, 2017. The successful closing of the STAHL acquisition is subject to the German Bundeskartellamt’s merger control approval, the closing of Konecranes’ acquisition of Terex Corporation’s Material Handling & Port Solutions business and other customary closing conditions.
