- Reinforces CMCO's growing leadership position in the
fast-growing electrification and battery production vertical end
market
- Reports fourth consecutive quarter of significant battery
production related orders, demonstrating strength of
montrac® solution
CHARLOTTE, N.C., March 19,
2025 /PRNewswire/ -- Columbus McKinnon
Corporation (Nasdaq: CMCO) ("Columbus
McKinnon" or the "Company"), a leading designer and
manufacturer of intelligent motion solutions, products and
technologies for material handling, today announced that it won the
bid to become the supplier of choice for stacking and
intralogistics technology for PowerCo, the battery company of
Volkswagen Group. The Company will provide state-of-the-art
precision conveyance technology to PowerCo for its gigafactory
projects in St. Thomas,
Canada, and Valencia, Spain that are currently under
construction. The Company will provide PowerCo its high-tech
montrac® precision conveyance solution for its battery
cell stacking process in addition to transportation lines and other
capabilities to efficiently move product across their new
gigafactories.
"In addition to the significant montrac® orders we received
earlier this year for the first lines within PowerCo's new
gigafactories in St. Thomas and
Valencia, as a supplier of choice,
we have a long runway for growth with more than $100 million of order potential over the next few
years," said David Wilson, President
and Chief Executive Officer of Columbus
McKinnon. "We are excited about the funnel of opportunities
generated by both our partnership with PowerCo and across the
global electrification and battery production industry more
broadly."
About Columbus
McKinnon
Columbus McKinnon is a leading
worldwide designer, manufacturer and marketer of intelligent motion
solutions that move the world forward and improve lives by
efficiently and ergonomically moving, lifting, positioning, and
securing materials. Key products include hoists, crane components,
precision conveyor systems, rigging tools, light rail workstations,
and digital power and motion control systems. The Company is
focused on commercial and industrial applications that require the
safety and quality provided by its superior design and engineering
know-how. Comprehensive information on Columbus McKinnon is available at
www.cmco.com.
About montratec GmbH
Acquired by Columbus McKinnon in 2023, montratec is a
leading supplier of intralogistics and process automation
technology to facilitate fully automated, energy-saving,
vibration-free, and highly precise material flow. The highly
efficient, space-saving design allows for configurations optimized
to the customer's application and can be easily adapted to changing
processes or process expansion. The systems also feature an
internationally standardized, manufacturer-independent IO-Link
control interface that is a key component of our intelligent
montrac® intralogistics solution. The technology
is also certified for ESD-safe transport of the battery cells.
With more than 5,000 installations of the intelligent
montrac® transfer system worldwide, montratec offers
innovative and customer-specific solutions for the linking and
automation of intralogistics processes in all industrial areas as
well as in cleanroom production. Additional information can be
found at www.montratec.de/en/ .
Safe Harbor Statement
This news release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are generally identified by the use of
forward-looking terminology, including the terms "anticipate,"
"believe," "continue," "could," "estimate," "expect,"
"illustrative," "intend," "likely," "may," "opportunity," "plan,"
"possible," "potential," "predict," "project," "shall," "should,"
"target," "will," "would" and, in each case, their negative or
other various or comparable terminology. Forward-looking
statements are not based on historical facts, but instead represent
our current expectations and assumptions regarding our business,
the economy and other future conditions, and involve known and
unknown risks, uncertainties and other factors that could cause the
actual results, performance or achievements of the Company to
differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
statements. It is not possible to predict or identify all such
risks. These risks include, but are not limited to, the risk
factors that are described under the section titled "Risk Factors"
in our Annual Report on Form 10-K for the fiscal year ended
March 31, 2024 as well as in our
other filings with the Securities and Exchange Commission, which
are available on its website at www.sec.gov. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Columbus
McKinnon undertakes no duty to update publicly any such
forward-looking statement, whether as a result of new information,
future events or otherwise, except as may be required by applicable
law, regulation or other competent legal authority.
Contacts:
Kristine
Moser
VP IR and Treasurer
Columbus McKinnon Corporation
704-322-2488
kristy.moser@cmco.com
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SOURCE Columbus McKinnon Corporation
