# Columbus McKinnon to acquire montratec GmbH

Columbus McKinnon announced a definitive agreement to acquire montratec GmbH, a German automation solutions company providing intelligent transport systems for EV, semiconductor, and other industries.

- Type: Acquisition
- Announced: 2023-04-26
- Where: Germany
- Value: $110.0M
- Status: announced
- Products: intelligent monorail transport systems, automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Columbus McKinnon](https://endata.com/companies/509.md) (acquirer)
- [Montratec](https://endata.com/companies/17261.md) (target)

## Sources

- [investors.cmco.com](https://investors.cmco.com/investor-news/news-details/2023/Columbus-McKinnon-to-Acquire-montratec-GmbH-Expanding-Precision-Conveyance-Platform/default.aspx), 2023-04-26: "montratec is an ideal complement to our precision conveyance platform adding asynchronous technology for material transport solutions"
- [thescxchange.com](https://www.thescxchange.com/articles/8042-columbus-mckinnon-buys-german-monorail-conveyance-vendor-for-110-million), 2023-04-26: "Montratec is an ideal complement to our precision conveyance platform adding asynchronous technology for material transport solutions that accelerates our growth in very attractive markets with strong secular tailwinds."
- [cmco.com](https://www.cmco.com/en-us/resources/cmco-articles/columbus-mckinnon-closes-acquisition-of-montratec-gmbh/), 2023-05-31: "We are excited to have the montratec team join Columbus McKinnon."
- [investors.cmco.com](https://investors.cmco.com/investor-news/news-details/2023/Columbus-McKinnon-Closes-Acquisition-of-montratec-GmbH/default.aspx), 2023-05-31: "We are excited to have the montratec team join Columbus McKinnon."

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