Konecranes Oyj - Company Announcement

Konecranes Plc - European Commission has approved Columbus McKinnon as a buyer of STAHL CraneSystems

KONECRANES PLC  STOCK EXCHANGE RELEASE  December 22, 2016 at 13:45 EET

On December 7, 2016, Konecranes announced that it has signed an agreement with
Columbus McKinnon Corporation (NASDAQ: CMCO) (“Columbus McKinnon”) regarding
the divestment of the STAHL CraneSystems business (“STAHL Divestment”). The
STAHL Divestment relates to the European Commission’s approval of Konecranes’
pending acquisition of Terex Corporation’s (“Terex”) MHPS business (“MHPS
Acquisition”), which is conditional on Konecranes divesting its STAHL
CraneSystems business. The European Commission has today approved Columbus
McKinnon as a suitable purchaser of STAHL CraneSystems as well as the related
transaction agreements. This decision completes the European Commission’s
antitrust review of the MHPS Acquisition. 

Having now received the material regulatory approvals, Konecranes and Terex
intend to close the MHPS Acquisition in early 2017. Completion of the MHPS
Acquisition remains subject to some additional customary closing conditions. 



KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations



FURTHER INFORMATION
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 





Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2015, Group sales totaled EUR 2,126 million. The Group has 11,100
employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq
Helsinki (symbol: KCR1V). 



DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com