# Columbus McKinnon to acquire STAHL CraneSystems for $240M

Columbus McKinnon Corporation announced the proposed all-cash acquisition of STAHL CraneSystems, a business of Konecranes PLC, for $240 million with an earn-out potential up to $246 million.

- Type: Acquisition
- Announced: 2016-12-07
- Where: United States
- Value: $240.0M
- Status: announced
- Products: explosion-protected hoists, crane components, lifting solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Columbus McKinnon](https://endata.com/companies/509.md) (acquirer)
- [STAHL CraneSystems](https://endata.com/companies/510.md) (target)
- [Konecranes](https://endata.com/companies/511.md) (partner)

## Sources

- [stblaw.com](https://www.stblaw.com/about-us/news/view/2016/12/07/simpson-thacher-represents-jpmorgan-as-financial-advisor-to-columbus-mckinnon-in-its-announced-acquisition-of-stahl-cranesystems), 2016-12-07: "The transaction value for the acquisition is $240 million with an earn-out potential up to $246 million, if certain earnings goals are met for calendar year 2016."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.