Columbus McKinnon received approval from the German Bundeskartellamt regarding its acquisition of Konecranes’ STAHL CraneSystems business. This approval was the final condition for closing.

With the European Commission’s approval late in December 2016, the closing of Konecranes’ acquisition of Terex’s Material Handling and Port Solutions on January 4, 2017, and the approval from the German Bundeskartellamt, there are no additional contingencies on the closing of the company’s acquisition of STAHL.  The acquisition is now expected to close on or about January 31, 2017.

Columbus McKinnon is a designer, manufacturer and marketer of material handling products, technologies, systems and services.