Crosby Group

US lifting equipment manufacturer Crosby announced that the company will adopt the brand Kito Crosby.

The Crosby Group, a provider of lifting and rigging solutions, and KITO CORPORATION, a manufacturer of material handling equipment, have completed their business combination to form KITO CROSBY.

Lifting Holdings, owned by KKR, completed the acquisition of Kito Corporation's shares. Kito and The Crosby Group will proceed as a combined entity under KKR in a merger of equals.

The Crosby Group will commence a cash tender offer to acquire all outstanding shares of KITO CORPORATION for JPY 2,725 per share on September 26, 2022, after securing all regulatory clearances.

The Crosby Group and KITO CORPORATION finalized the combination of their businesses, forming Kito Crosby. The announcement was made on January 30, 2023, but the article date is September 22, 2022.

The Crosby Group and KITO Corp. have entered into a definitive agreement for The Crosby Group to acquire all outstanding shares of KITO through a cash tender offer. The transaction is expected to close in the second half of 2022.

The Crosby Group has entered into a definitive agreement to acquire all outstanding shares of KITO CORPORATION via a cash tender offer at JPY 2,725 per share, combining two lifting solutions providers. The deal is expected to close in H2 2022.

The Crosby Group will more than double the size of its warehouse in Heist-op-den-Berg, Belgium, to serve the EMEA region.

US based lifting gear and rigging manufacturer Crosby group has acquired UK crane safety systems company BlokCorp.

The Crosby Group, a portfolio company of KKR, acquired Gunnebo Industrier Holding AB, a global leader in material handling products, from Nordic private equity firm Segulah.

The Crosby Group has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah. The acquisition combines two leaders in lifting, rigging, and material handling hardware.