Columbus McKinnon Receives DOJ Clearance for Kito Crosby Acquisition

Reuters

Feb 02

Columbus McKinnon Receives DOJ Clearance for Kito Crosby Acquisition

Columbus McKinnon Corporation has received final clearance from the U.S. Department of Justice for its pending acquisition of Kito Crosby Limited. As part of the regulatory process, Columbus McKinnon agreed to divest its U.S. power chain hoist and chain operations. With all regulatory approvals now obtained, the acquisition is expected to close in February 2026, pending customary closing conditions. The combined company aims to leverage greater scale and capabilities, targeting $70 million in expected net annual run rate cost synergies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbus McKinnon Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY76050) on February 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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As part of the regulatory process, Columbus McKinnon agreed to divest its U.S. power chain hoist and chain operations. With all regulatory approvals now obtained, the acquisition is expected to close in February 2026, pending customary closing conditions. The combined company aims to leverage greater scale and capabilities, targeting $70 million in expected net annual run rate cost synergies.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbus McKinnon Corporation published the original content used to generate this news brief via PR Newswire (Ref. 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ID: NY76050) on February 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260202:nNDL6gq79V:1","article_id":"2608867892","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608867892","pubTimestamp":1770041723,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Columbus McKinnon Corporation has received final clearance from the U.S. Department of Justice for its pending acquisition of Kito Crosby Limited. 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Columbus McKinnon Corporation published the original content used to generate this news brief via PR Newswire  on February 02, 2026, and is solely responsi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4161":"工业机械","CMCO":"哥伦布-麦金农"},"translate_title":"Columbus McKinnon收购Kito Crosby获得司法部许可","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMCO":0.9},"content_text":"Columbus McKinnon Receives DOJ Clearance for Kito Crosby Acquisition\n    \n\n        Columbus McKinnon Corporation has received final clearance from the U.S. Department of Justice for its pending acquisition of Kito Crosby Limited. As part of the regulatory process, Columbus McKinnon agreed to divest its U.S. power chain hoist and chain operations. With all regulatory approvals now obtained, the acquisition is expected to close in February 2026, pending customary closing conditions. The combined company aims to leverage greater scale and capabilities, targeting $70 million in expected net annual run rate cost synergies.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbus McKinnon Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY76050) on February 02, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}