Columbus McKinnon Corporation [Nasdaq: CMCO] today reported that the Company has executed an authoritative consent to secure Dorner Manufacturing Corporation. Dorer is an automation solution enterprise that provides exceptional, licensed technologies in the design, application production, and combination of high-accuracy conveying frameworks, from worldwide private market firm EQT.
Dorner creates a development catalyst for Columbus McKinnon and gives expansion into appealing end-markets. The transaction increases Columbus McKinnon’s item offering through a wide scope of exceptionally designed, accuracy conveying solutions
David J. Wilson, President, and CEO of Columbus McKinnon remarked, “This transaction gives an impetus to development in incredibly appealing business sectors. Moreover, it starts the process of reconsidering the future of Columbus McKinnon. Additionally, Dorner propels our strategy to widen our skill in intelligent motion solutions.”
He further added “Their profound technical skill and experienced supervisory group are a brilliant supplement to our worldwide enterprise. We trust that this transaction is a characterizing move that progresses our Blueprint for Growth 2.0 system and empowers different opportunities for future development.”