Business
Columbus McKinnon Chosen as PowerCo's Global Intralogistics Partner for its New Gigafactories with montrac® Solution
Reinforces CMCO's growing leadership position in the fast-growing electrification and battery production vertical end marketReports fourth consecutive quarter
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"Reinforces CMCO's growing leadership position in the fast-growing electrification and battery production vertical end marketReports fourth consecutive quarter of significant battery production related orders, demonstrating strength of montrac® solutionCHARLOTTE, 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.\n\n \n \n \n \n \n \n\n \n\"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.\"\nAbout Columbus McKinnonColumbus 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.\nAbout montr...