Columbus McKinnon (“CMCO”), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, has sold its non-core European subsidiary Stahlhammer Bommern (“STB”) to Turbo Investment BV (“Turbo”), a financial investor from the Netherlands. MCF acted as the financial adviser to Columbus McKinnon in this transaction.
MCF advises Columbus McKinnon in the sale of Stahlhammer Bommern to Turbo Investment
With this deal MCF underlines its strong capabilities within the Capital Goods segment as well as in swiftly executing cross-border transactions.
With this deal MCF underlines its strong capabilities within the Capital Goods segment as well as in swiftly executing cross-border transactions. The transaction goes in line with CMCO’s growth strategy, focused on driving earnings power through simplification. STB expands Turbo’s existing portfolio of investments and opens opportunities for synergies by using STB’s contacts and reputation as a trusted supplier to crane and block OEM suppliers in Europe and Asia for over 100 years.
Stahlhammer Bommern was founded in 1911 and is headquartered in Hamm, Germany. The company is one of the leading manufacturers of heavy-load lifting tools and engineering components. It offers a broad range of lifting gear products as well as heavy forged components in small- and medium sized batches, mainly serving the European and Asian markets.
About Turbo Investment BV
Turbo Investment BV is a financial investor from the Netherlands. It is focused on businesses around development and production of material handling devices with applications in markets like manufacturing, construction, oil & gas, shipyards etc.