Columbus McKinnon Chosen as PowerCo's Global Intralogistics Partner for its New Gigafactories with montrac® Solution

Rhea-AI Summary

Columbus McKinnon (NASDAQ: CMCO) has been selected as the supplier of choice for PowerCo, Volkswagen Group's battery company, to provide stacking and intralogistics technology for their gigafactories in St. Thomas, Canada, and Valencia, Spain.

The company will implement its montrac® precision conveyance solution for battery cell stacking processes, along with transportation lines across the new facilities. CEO David Wilson highlighted potential orders exceeding $100 million over the next few years through this partnership.

This marks CMCO's fourth consecutive quarter of significant battery production-related orders, strengthening its position in the electrification and battery production vertical market. The montrac® technology, acquired by CMCO in 2023, features ESD-safe transport capabilities and has over 5,000 installations worldwide.

Positive

• Secured major contract with PowerCo (Volkswagen Group) for multiple gigafactories
• Over $100 million order potential in next few years
• Fourth consecutive quarter of significant battery production orders
• Expanding presence in fast-growing electrification and battery production market

Negative

• None.

• 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

FAQ

What is the potential order value for CMCO from the PowerCo partnership?

The partnership with PowerCo presents over $100 million in order potential over the next few years.

Where are PowerCo's new gigafactories being built that will use CMCO's montrac® solution?

The gigafactories are being constructed in St. Thomas, Canada, and Valencia, Spain.

How many consecutive quarters has CMCO reported significant battery production orders?

CMCO has reported significant battery production-related orders for four consecutive quarters.

What specific technology will CMCO provide to PowerCo's gigafactories?

CMCO will provide montrac® precision conveyance solution for battery cell stacking processes and transportation lines.

How many installations of the montrac® transfer system exist worldwide?

The montrac® transfer system has over 5,000 installations worldwide.