The approval is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business. Furthermore, Konecranes stated that STAHL CraneSystems’ external sales totaled EUR 145 million in 2015 and the company has approximately 700 employees.
To facilitate the divestment process, Konecranes announces that STAHL CraneSystems’ pro forma EBITDA on a stand-alone basis would have totaled approximately EUR 30 million in 2015.
Konecranes will use the proceeds from the STAHL CraneSystems divestment to amortize loans related to the MHPS Acquisition.
The closing of the MHPS Acquisition is conditional to the European Commission’s approval of the buyer(s) of the STAHL CraneSystems business.
Konecranes provides further financial information on Stahl CraneSystems
