Kion Group

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KION GROUP AG

logo
legal form Corporation
ISIN DE000KGX8881
founding 2006
Seat Frankfurt am Main , Germany
GermanyGermany 
management
Number of employees 34,604
sales 8.8 billion euros
Branch Conveyor technology
Website www.kiongroup.com
As of December 31, 2019

The Kion Group AG is a German provider of forklifts , warehouse technology and related services as well as supply chain solutions.

After Toyota Material Handling, the company is the world's second largest supplier of forklifts and warehouse technology equipment and the market leader in Europe. With the Dematic brand , Kion is a leading provider of automated material flow with supply chain and automation solutions. In the 2018 financial year, Kion generated sales of around EUR 8 billion with more than 33,000 employees.

In June 2013 the company went public in the Prime Standard of the Frankfurt Stock Exchange .

history

On August 1, 2006, Linde AG spun off its forklift division with Linde Material Handling , Still and OM Carrelli Elevatori  (OM) into the Kion Group GmbH . This was sold in November 2006 for 4 billion euros to the New York financial companies Kohlberg Kravis Roberts & Co.  (KKR) and Goldman Sachs .

In 2009, which was a joint venture Kion Baoli (Jiangsu) Forklift Co., Ltd. founded under the leadership of the Kion Group. The Baoli brand produces and sells forklift trucks. In 2011, the Indian joint venture Voltas Material Handling was founded. It focuses on the Indian market.

At the end of August 2012, Kion and Weichai agreed that the Chinese company would take over a 25 percent stake. The remaining shares remained with KKR and Goldman Sachs.

On January 1, 2013, Kion spun off the hydraulics division from Linde Material Handling into the legally independent company Linde Hydraulics and sold 70% of these shares to Weichai Power . At the end of 2018, the Kion Group still held 10% of the shares in Linde Hydraulics.

The Kion Group went public on June 28, 2013 with up to 20% of the shares in free trading . In January 2014, after another share sale, the free float rose to around 30%, and then to 40% in the second quarter of 2014. In the further course, KKR and Goldman Sachs withdrew completely. In 2017, 56.6% of the shares were in free float, Weichai held 43.3% and the company itself 0.1%.

Kion's CEO is Gordon Riske; The chairman of the supervisory board is Michael Macht. The company's shares are listed on the Deutsche Börse under the symbol KGX and have been part of the MDAX on the Frankfurt Stock Exchange since September 2014 .

On June 21, 2016, Kion announced the purchase of automation and supply chain optimization provider Dematic . The acquisition of Dematic was completed in November 2016.

Companies and production plants

For automated warehouses:

For forklifts and warehouse equipment:

Sales and production companies:

  • Kion India Private Limited (formerly Voltas Material Handling ), Pune  (India)
  • Kion South America Ltda., Indaiatuba  (Brazil)
  • Kion North America Corp., Summerville (USA)

Internal organizational units:

  • Kion Financial Services GmbH, Frankfurt am Main
  • Kion Information Management Services GmbH (in Germany), Frankfurt am Main (with other locations), international Kion Group IT
  • Kion IoT Systems, Wangen (Allgäu)
  • Kion Asia Pacific, Xiamen (China)
  • Kion Asia Ltd., Hong Kong
  • Kion South Asia Ltd., Singapore

Forwarding :

  • Urban Transporte GmbH

Web links

Individual evidence

  1. ↑ a b {{{title}}}. KION GROUP AG, accessed on May 14, 2020 .
  2. ↑ Holger Paul: IPO: Kion forklifts roll on the stock exchange . ISSN  0174-4909 ( faz.net [accessed April 23, 2019]).
  3. ↑ Handelszeitung : Kion Group: Linde sells forklift division , November 22, 2006
  4. ↑ Focus : Roundup. Chinese company joins forklift manufacturer Kion , August 31, 2012
  5. ↑ n-tv : Weichai Power and KION Group enter into long-term strategic partnership , August 31, 2012
  6. ↑ Annual Report 2018 - List of shareholdings. KION GROUP AG, accessed on January 24, 2020 .
  7. ↑ FAZ : Europe's largest forklift manufacturer Kion goes public on June 28th, June 14th 2013
  8. ↑ After a strong second quarter, the KION Group is heading for a successful 2014 financial year, KION GROUP AG, press release - PresseBox. Retrieved April 23, 2019 .
  9. ↑ Europe's largest forklift company: KKR and Goldman get out. Retrieved April 23, 2019 .
  10. ↑ Major shareholder Weichai increases Kion stake to 43 (40) percent. Retrieved April 23, 2019 .
  11. ↑ Annual Report 2017. KION GROUP AG, March 1, 2018, accessed on March 1, 2018 .
  12. ↑ DGAP-Adhoc: KION GROUP AG: KION acquires Dematic. Retrieved April 23, 2019 .