Kion Group

The Kion Group AG (own spelling KION Group) is a manufacturer of forklift trucks, warehouse equipment and material handling equipment. The company is based in Wiesbaden. The company is Toyota the world's second largest supplier of forklifts and warehouse equipment and the market leader in Europe. Kion generated in fiscal year 2013 with more than 22,000 employees generated sales of more than 4.4 billion euros.

In June 2013, the company's IPO in the Prime Standard of the Frankfurt Stock Exchange took place.

History

The Kion Group GmbH was founded in 2006 as a subsidiary of Linde AG. On 1 August 2006, the parent company divided its trucks division with Linde Material Handling, Still and Officine Meccaniche (OM) from the Kion Group and sold it in November 2006 for 4 billion euros to the New York financial firms Kohlberg Kravis Roberts & Co. ( KKR) and Goldman Sachs

In 2009, the joint venture Kion Baoli (Jiangsu) Forklift Co., Ltd. was established. founded under the leadership of the Kion Group. The Baoli brand manufactures and distributes forklifts. 2011, the Indian joint venture Voltas Material Handling was established. It focuses on the Indian volume market.

End of August 2012 agreed the Kion Group and Weichai a share acquisition of 25 percent by the Chinese company. The remaining shares were retained by KKR and Goldman Sachs Capital Partners.

1 January 2013 Kion divided the hydraulic division of Linde Material Handling in the separate company Linde Hydraulics from and sold 70 % of these shares to Weichai Power. The remaining 30 % of shares in the hydraulic subsidiary continues to hold Kion.

The Kion Group went on 28 June 2013, up to 20 percent of the shares on the open market to the stock market. In January 2014, the free float increased by a further sale of shares to around 30 percent. KKR and GS Capital Partners remain around 54 percent over the Superlift Holding still relevant Kion shareholders in addition to the second-largest shareholder Weichai with a share of 33.3 percent.

Companies of the Kion Group

For forklift trucks and warehouse equipment:

  • Linde Material Handling GmbH, Aschaffenburg
  • Still GmbH, Hamburg
  • Kion Warehouse Systems GmbH ( KWS ), Reutlingen
  • Fenwick - Linde, Chatellerault (France)
  • OM Carrelli Elevatori SpA, Lainate (Italy )
  • Voltas Material Handling Private Ltd., Mumbai (India)
  • Kion South America Ltda., Indaiatuba (Brazil )

Internal organizational units:

  • Kion Financial Services GmbH, Wiesbaden
  • Kion Information Management Services GmbH ( KIM ), Wiesbaden ( with locations in Aschaffenburg, Hamburg, Reutlingen)

Forwarding:

  • Urban Transporte GmbH
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