Konecranes was required to sell Stahl to get European Union clearance for its $1.2 billion acquisition of the crane and container handling division of U.S.-based Terex.

Konecranes expects to book an after-tax capital gain of about 190 million euros ($204 million), while Columbus has estimated cost benefits of about $11 million a year from the deal.

Stahl, a supplier of hoisting technology and crane components, had 2015 earnings before interest, taxes, depreciation and amortisation of about 30 million euros on sales of 145 million euros.

The deal is expected to close before May

Source: Reuters
2016-12-09

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