Columbus McKinnon completed the acquisition of montratec for $110m.

Columbus McKinnon, a designer, manufacturer and marketer of intelligent motion solutions for material handling, completed the acquisition of montratec, an automation solutions company, for $110m. “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. montratec’s solutions are at the heart of process automation in manufacturing, enhancing our precision conveying platform. Their technology advances our intelligent motion offering, expands market access and increases our value proposition. We plan to realize significant sales synergies as we leverage their conveying technology through our existing channels in the U.S. and their solid foundation in Europe to expand our global precision conveyance market share,” David J. Wilson, Columbus McKinnon President and CEO.