DLA Piper has advised NASDAQ listed Columbus McKinnon Corporation, a leading designer, manufacturer and marketer of material handling products, technologies and services with more than 4000 employees worldwide, on the acquisition of STAHL Cranesystems Group ("STAHL") from Konecranes Group.

STAHL is a leading manufacturer of explosion-protected hoists and crane components and is well known for its custom engineering of lifting solutions and hoisting technology. Founded in 1876, STAHL has approximately 650 employees that support the manufacturing operation located in Germany and its nine affiliated sales companies around the world.  Konecranes is divesting STAHL as a result of the European Union anti-trust review related to their pending acquisition of Terex Corporation's Material Handling & Port Solutions business ("MHPS Transaction").

The all-cash transaction value for the acquisition is EUR 224 million with an earn-out potential up to EUR 230 million, if certain earnings goals are met for calendar year 2016.

The acquisition is subject to European Commission approval of Columbus McKinnon as purchaser of STAHL, merger clearance by the German Federal Cartel Office and the closing of the MHPS Transaction and  is expected to close between January 31, 2017 and April 30, 2017.

The international DLA Piper deal team was jointly led by partner Dr Benjamin Parameswaran, counsel Cristina Helena Villafrade and senior associate Sebastian Decker (all Corporate, Hamburg).

The German DLA Piper team furthermore consisted of partners Dr Bernd Borgmann (Employment, Cologne), Dr Konrad Rohde (Tax, Frankfurt), Dr Burkhard Fuehrmeyer (IPT, Frankfurt), Dr Thilo von Bodungen (Commercial, Munich), counsels Dr Christoph Imschweiler (Tax, Munich), Dr Thilo Streit (Litigation & Regulatory, Cologne), Dr Susanne Weckbach (Commercial), senior associates Barbara Rybka (Real Estate, both Munich), Doerthe Minde (IPT), Almuth Floto (Employment, both Cologne), Olga Blaszczyk (Commercial, Munich), Katharina Minski (Corporate, Hamburg) as well as associates Kristin Herrmann (Commercial, Munich) and Dr Anna Lotte Boettcher (Litigation & Regulatory, Cologne).

The international DLA Piper team comprised of partner Jose Sanchez-Dafos, associates Teresa Nuño, Clotilde Abascal (all Madrid), partner Jeremy Scemama, counsel Sébastien Pontillo, associate Julien Burger (all Paris), senior associate Michael Hudson, associate Robert Sissons (both Manchester), legal director Diwakar Agarwal, legal consultants Natalia Tombs, Mayowa Olusola (all Dubai), partner Myles Hankin, of counsel Katherine Chew (both Singapore), partner Kit Kwok, legal assistant David Zhang and associate Chen Ji (all Shanghai).

In India, legal support was provided by partner Smruti Shah from Cyril Amarchand Mangaldas and in Portugal partner Bruno Azevedo Rodrigues from ABBC & Associados supported the team.

DLA Piper also advised on the financing of the transaction with partner Jamie Knox in the lead who was assisted by associate Jesse Kirsch (both New York).