Columbus McKinnon Corp to acquire Kito Crosby Ltd. in bid to expand lifting and material-handling equipment operations

Feb 13, 2025•5 months ago

Acquiring Company

Columbus McKinnon

Acquired Company

Kito Crosby Ltd. (KCL)

CharlotteManufacturing

Description

Columbus McKinnon Corp has announced a definitive agreement to acquire Kito Crosby Ltd. (KCL) for $2.7 billion, aiming to significantly increase the scale and scope of its operations. The acquisition is anticipated to strengthen Columbus McKinnon's competitive position in the global lifting and hoists equipment markets, with combined revenues exceeding $2 billion and an EBITDA of over $450 million.

Company Information

Company

Columbus McKinnon

Location

Charlotte, North Carolina, United States

About

With a history spanning more than 145 years, Columbus McKinnon has become a global leader in intelligent motion solutions. Our high-quality brands, such as CM®, STAHL CraneSystems®, Yale®, Magnetek®, Coffing® Hoists, Dorner®, and Duff-Norton®, work together to move the world forward and improve lives. Whether it’s increasing safety or improving productivity, our intelligent motion technology is hard at work worldwide.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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