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KION Group
Kion Group AG (styled as KION Group) is a German multinational manufacturer of materials handling equipment, with its headquarters in Frankfurt, Hesse, Germany. Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks. Kion Group was founded in 2006 by the demerger of Linde's materials handling equipment operations. It is the world's second-largest manufacturer of forklifts measured by revenues (after Toyota Industries).
"Kion" is an invented name derived from the Swahili word "Kiongozi", which means "leader".
On 6 September 2006, Linde AG announced a new structure following the completion of its acquisition of BOC, with the gas and engineering businesses of the combined entity operating as The Linde Group and the materials handling businesses (Linde Material Handling, Still, and OM Carrelli Elevatori S.p.A.) operating as Kion Group from then on. Linde AG sold Kion Group to a partnership of KKR and Goldman Sachs Capital Partners for approximately €4 billion.
In January 2009, Kion Group formed a China-based forklift manufacturing joint venture, Kion Baoli (Jiangsu) Forklift, with Jiangsu Shangqi Group and Jingjiang Baoli Forklift. In May 2010, Kion Group acquired full management control of Kion Baoli.
In March 2011, Kion Group and the Indian engineering company Voltas agreed to form a new joint venture, Voltas Materials Handling, consisting of the two companies' material handling equipment operations in India. Kion Group acquired Voltas' 34% shareholding in the venture in November 2012.
In August 2012, the China-based Shandong Heavy Industry's Weichai Power subsidiary agreed to acquire a 25% stake in Kion Group for €467 million, and a 70% majority stake in Kion's hydraulics business for €271 million.
In February 2013, Kion Group sold product rights for Linde brand's reach stacker, empty, and laden container handlers to Finnish crane manufacturer Konecranes for an undisclosed sum.
The company was listed on the Frankfurt Stock Exchange on 28 June 2013, and in September 2014, the company was admitted to the MDAX of the Frankfurt stock exchange.
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KION Group
Kion Group AG (styled as KION Group) is a German multinational manufacturer of materials handling equipment, with its headquarters in Frankfurt, Hesse, Germany. Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks. Kion Group was founded in 2006 by the demerger of Linde's materials handling equipment operations. It is the world's second-largest manufacturer of forklifts measured by revenues (after Toyota Industries).
"Kion" is an invented name derived from the Swahili word "Kiongozi", which means "leader".
On 6 September 2006, Linde AG announced a new structure following the completion of its acquisition of BOC, with the gas and engineering businesses of the combined entity operating as The Linde Group and the materials handling businesses (Linde Material Handling, Still, and OM Carrelli Elevatori S.p.A.) operating as Kion Group from then on. Linde AG sold Kion Group to a partnership of KKR and Goldman Sachs Capital Partners for approximately €4 billion.
In January 2009, Kion Group formed a China-based forklift manufacturing joint venture, Kion Baoli (Jiangsu) Forklift, with Jiangsu Shangqi Group and Jingjiang Baoli Forklift. In May 2010, Kion Group acquired full management control of Kion Baoli.
In March 2011, Kion Group and the Indian engineering company Voltas agreed to form a new joint venture, Voltas Materials Handling, consisting of the two companies' material handling equipment operations in India. Kion Group acquired Voltas' 34% shareholding in the venture in November 2012.
In August 2012, the China-based Shandong Heavy Industry's Weichai Power subsidiary agreed to acquire a 25% stake in Kion Group for €467 million, and a 70% majority stake in Kion's hydraulics business for €271 million.
In February 2013, Kion Group sold product rights for Linde brand's reach stacker, empty, and laden container handlers to Finnish crane manufacturer Konecranes for an undisclosed sum.
The company was listed on the Frankfurt Stock Exchange on 28 June 2013, and in September 2014, the company was admitted to the MDAX of the Frankfurt stock exchange.