Columbus McKinnon completed the acquisition of Dorner from EQT for $485m.

Columbus McKinnon, a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products, completed the acquisition of Dorner, a global provider of high precision conveyor solutions, from private equity firm EQT Partners for $485m. "Dorner operates at the forefront of the automation revolution and is supporting industries undergoing rapid growth and transformation, such as e-commerce and life sciences. The Company exemplifies EQT’s thematic approach to investments within the Industrial Technology sector and is a market leader in the highly attractive automation subsector. We are very thankful to the Dorner management team, led by Terry Schadeberg, for its strategic vision and strong execution, and look forward to following Dorner’s journey with Columbus McKinnon," Kasper Knokgaard, EQT Partner and Investment Advisor.