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Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.
Columbus McKinnon agreed to purchase STAHL CraneSystems, a manufacturer of explosion-protected hoists and crane components, from Konecranes, which is divesting it due to EU antitrust review of its Terex deal; the price was not disclosed in the text.
