71:
27:
1278:
480:
In the 2023 financial year, Kion Group AG had around 2,000 sales and service locations in over 100 countries, employed an average of 42,325 people and generated consolidated revenue of €11.43 billion (up 2.67% from 2022), an operating income of €791 million (up 170.9% from 2022) and a net income of
516:
The Kion Group markets its products under six brands: Dematic offers products for automated material flow for supply chain and automation processes. Linde and Still serve the market for industrial trucks in a higher price category, while Baoli focuses on the economy segment. Fenwick is the largest
414:
In 2018, Kion Group expanded its presence in China and agreed a strategic partnership with EP Equipment Co. Ltd in the light-duty or "entry-level" warehouse equipment segmente. KION has acquired a minority stake in the
Chinese truck manufacturer, which in the previous year, 2017, achieved record
533:
In August 2020, Kion entered into a strategic partnership with the
Chinese manufacturer of autonomous mobile robots, Quicktron Intelligent Technology Co., Ltd, which, in addition to the global distribution of Quicktron products by Kion, provides for the joint development of automated vehicles.
591:, manufactures lithium-ion batteries for its electric industrial trucks (Linde MH, Fenwick, Still, Baoli) and automated warehouse operations. In September 2023, Kion partnered with Li-Cycle Holding Corp. to launch an eco-friendly lithium-ion battery recycling program in
327:
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.
376:
Also in
September 2014, Voltas Material Handling was renamed Kion India. Since then, the company has been selling forklift trucks with electric drives, combustion engines and warehouse technology products under the Voltas and Baoli brands in
453:, where counterbalance trucks for all brands in the Kion Industrial Trucks & Services segment are produced. In order to speed up delivery times, production of other product series, which had previously been manufactured exclusively in
512:
The Kion Group is a provider of industrial trucks and supply chain services. Its range of products and services includes industrial trucks such as forklift trucks and warehouse trucks, as well as integrated automation technologies.
537:
In
December 2023, Kion and Aschaffenburg Technical University presented the results of a research project in which scenarios for the use of autonomous counterbalance trucks equipped with electro-hydraulic steering were developed.
339:, 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.
595:, aiming to reclaim up to 95% of the batteries' valuable minerals and materials. According to their own statement, Kion intends to recycle up to 5,000 tonnes of battery materials by 2030.
311:
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
1187:
732:
Braun, Christian (8 November 2006): "Linde kommt mit
Konzernumbau gut voran: Gabelstaplergeschäft an Finanzinvestoren veräussert – Stolzer Preis – Käufer planen Börsengang ab 2010".
1706:
569:
drives. In the same year, Kion began production of a 24-volt fuel cell system for warehouse trucks and the construction of a state-funded hydrogen refuelling station with an
1415:
1654:
1017:
817:
1524:
1701:
706:
62:
270:. Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks. Kion Group was founded in 2006 by the demerger of
1060:
961:
648:
1602:
1227:
1716:
1358:
879:
353:
In
February 2013, Kion Group sold product rights for Linde brand's reach stacker, empty, and laden container handlers to Finnish crane manufacturer
1711:
989:
350:
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.
1575:
1195:
1628:
847:
1550:
905:
1497:
173:
775:
825:
472:
on an area of around 223,000 square metres, which includes a research and development centre, a training centre and office space.
577:
422:(80V, 48V) for the Kion Group's trucks at BMZ's manufacturing facility. In November, Kion India opened a production facility for
274:
materials handling equipment operations. It is the world's second-largest manufacturer of forklifts measured by revenues (after
1279:"Logistics Automation Global Market Report 2022: Featuring WiseTech, Kion Group, Swisslog Holding, Toshiba, Oracle & More"
1252:
1108:
1089:
910:
803:
711:
316:
433:
In March 2020, Kion acquired the UK-based company
Digital Applications International Limited (DAI) for around €123 million.
426:
and electric forklift trucks as well as battery-powered pallet trucks and reach trucks on an area of around 25 hectares in
464:
In
December 2021, Kion opened a counterbalance truck plant for the Kion companies Linde Material Handling and Baoli in
626:
1332:
255:
1216:
366:
51:
1443:
1366:
691:
1131:
1160:
542:
343:
312:
133:
934:
1136:
481:€306 million (up 188.7% from 2022). The company operates plants and research and development centres in
303:
On 6 September 2006, Linde AG announced a new structure following the completion of its acquisition of
1306:
939:
419:
70:
581:
546:
37:
1655:"Kreislaufwirtschaft: Kion startet nachhaltiges Recyclingverfahren fĂĽr Lithium-Ionen-Batterien"
857:
1470:
1103:
1065:
1046:
676:
653:
588:
404:
275:
143:
287:
209:
994:
580:(SBTi) in July 2023. In line with the principles of the SBTi, the company is pursuing the
525:, while OM Voltas serves the Indian market as the leading supplier of industrial trucks.
418:
In July 2019, Kion Group and BMZ Holdings announced a 50/50 joint venture to manufacture
1686:
1392:
1283:
1165:
504:
The company is represented by 25 subsidiaries in Germany and 107 subsidiaries abroad.
1695:
1387:
883:
747:
490:
486:
442:
423:
385:
347:
336:
304:
45:
55:
1420:
1022:
752:
570:
962:"Kion Group and Konecranes collaborate in the container handling truck business"
140:
399:. In 2017, the Group headquarters with around 200 employees was relocated from
1217:"BMZ Holding and KION Group to launch joint venture for lithium-ion batteries"
966:
545:-equipped autonomous vehicle fleet for sorting and distribution, developed by
354:
307:, with the gas and engineering businesses of the combined entity operating as
185:
26:
852:
592:
562:
498:
408:
400:
308:
271:
259:
101:
906:"Kion Group acquires Indian forklift manufacturer Voltas Material Handling"
561:
Since the beginning of 2023, the company has been developing and producing
780:
566:
550:
446:
369:
on 28 June 2013, and in September 2014, the company was admitted to the
396:
392:
267:
258:
manufacturer of materials handling equipment, with its headquarters in
107:
1018:"KION Group AG begrĂĽĂźt Aufnahme in den MDAX (News mit Zusatzmaterial)"
518:
482:
454:
450:
332:
1576:"Wasserstoff: Kion will Brennstoffzellen fĂĽr Intralogistik fertigen"
748:"Germany's Linde acquires BOC to create world's biggest gases group"
1188:"Kion AG takes minority stake in Chinese truck maker EP Equipment"
522:
469:
465:
458:
378:
263:
197:
384:
The Belgian company Egemin was acquired in 2015, followed by the
1681:
1525:"Linde und TH Aschaffenburg entwickeln autonome Outdoor-Stapler"
801:
Riske, Gordon (4 June 2013): "Die Stapler rollen an die Börse".
565:
systems for the company's own industrial trucks in the field of
494:
427:
370:
164:
1498:"Strategie: Kion Group arbeitet jetzt mit Quicktron zusammen"
331:
In March 2011, Kion Group and the Indian engineering company
1629:"Kion Group steigert Profitabilität im ersten Halbjahr 2023"
234:
1468:"Gabelstaplerhersteller Kion verpasst sich neue Struktur".
587:
Kion Group, through its subsidiary Kion Battery Systems in
576:
As part of the "Kion 2027 Strategy", Kion committed to the
407:. One year later, Kion opened the Kion Digital Campus in
156:
intralogistics, industrial trucks and warehouse solutions
636:. 29 February 2024. p. 2 – via Kion Group AG.
411:, where digital projects are developed and implemented.
1551:"Fraunhofer IML: Fahrzeugschwarm wird industrialisiert"
1311:
Logistik: Das Schweizer Fachmedium fĂĽr Logistikprozesse
1061:"Voltas Material Handling to use Kion India brand name"
553:
and has collaborated on its further development since.
441:
In July 2021, Kion opened an industrial truck plant in
880:"Voltas joins hands with Kion to make forklift trucks"
1603:"Kion will eigene Brennstoffzellensysteme entwickeln"
649:"Intralogistik: Kion wagt noch keinen neuen Ausblick"
584:
target of being emission-free by 2050 at the latest.
461:, was also relocated to Kołbaskowo one year later.
229:
219:
207:
195:
183:
171:
160:
152:
124:
114:
96:
78:
61:
43:
33:
776:"Finanzinvestoren kaufen Linde-Gabelstaplersparte"
225:42,325 (full-time equivalents at 31 December 2023)
1416:"Kion macht 2019 bessere Geschäfte als erwartet"
16:German materials handling equipment manufacturer
1161:"Der Digital Campus treibt Innovationen voran"
818:"Kion takes control of Chinese joint venture"
361:Initial public offering and further expansion
8:
990:"Juni-Gewitter lässt Dax-Gewinne schrumpfen"
286:"Kion" is an invented name derived from the
19:
1687:Locations and subsidiaries of Kion Group AG
1044:"Kion will stärker in Indien expandieren".
1707:Manufacturing companies based in Frankfurt
1226:(Press Release). Frankfurt. 11 July 2019.
69:
25:
18:
848:"Voltas, Kion of Germany to form venture"
707:"Gabelstaplerkonzern plant Großübernahme"
1444:"Intralogistik: Kion ĂĽbernimmt Dematic"
603:
290:word "Kiongozi", which means "leader".
1702:Motor vehicle manufacturers of Germany
1653:Lehmann, Sandra (27 September 2023).
1233:from the original on 27 November 2021
1087:"Kion setzt auf den Google-Stapler".
7:
1159:Herrmann, Wolfgang (11 April 2019).
1132:"Kion-Zentrale kĂĽnftig in Frankfurt"
621:
619:
617:
615:
613:
611:
609:
607:
1601:Burgert, Thomas (11 January 2023).
935:"Shandong Heavy Invests in Germany"
647:Rothbart, Karolin (28 April 2022).
521:, OM Still is the market leader in
1627:Tomppert, Bettina (27 July 2023).
933:Burkitt, Laurie (31 August 2012).
774:Keidel, Stefan (7 November 2006).
689:"Zwei Traditionsbetriebe feiern".
541:In October 2021, Kion licensed an
391:In June 2016, Kion Group acquired
388:-based company Retrotech in 2016.
14:
1717:Kohlberg Kravis Roberts companies
1549:Krischke, Inka (4 October 2021).
1523:Haus, Mareike (6 December 2023).
1253:"Kion Group opens plant in India"
705:Smolka, Klaus Max (13 May 2015).
517:supplier of industrial trucks in
373:of the Frankfurt stock exchange.
323:Acquisitions and expansion abroad
1104:"Dematic acquired by Kion Group"
627:"Kion Group 2023: Annual Report"
578:Science Based Targets initiative
342:In August 2012, the China-based
746:Gow, David (6 September 2006).
1712:Logistics companies of Germany
1109:Supply Chain Management Review
1090:Frankfurter Allgemeine Zeitung
911:Supply Chain Management Review
804:Frankfurter Allgemeine Zeitung
712:Frankfurter Allgemeine Zeitung
365:The company was listed on the
319:for approximately €4 billion.
317:Goldman Sachs Capital Partners
1:
856:. 30 May 2011. Archived from
824:. 27 May 2010. Archived from
403:to a new development area at
674:"Kion ĂĽberrascht positiv".
415:shipments of 50,000 units.
84:; 18 years ago
1733:
1307:"Kion expandiert in Polen"
529:Research & development
1555:Computer & Automation
299:Foundation and beginnings
24:
1333:"Kion opens China plant"
367:Frankfurt Stock Exchange
357:for an undisclosed sum.
1483:"Der Logistik-Leader".
344:Shandong Heavy Industry
134:Chief Executive Officer
1682:Website of the company
884:The Hindu Businessline
203:€17.388 billion (2023)
1137:Frankfurter Rundschau
734:Finanz und Wirtschaft
692:Schwäbisches Tagblatt
420:lithium-ion batteries
335:agreed to form a new
215:€5.772 billion (2023)
191:€314.4 million (2023)
179:€660.6 million (2023)
695:. 15 September 2018.
167:11.43 billion (2023)
1487:. 13 November 2014.
1474:. 27 November 2015.
1448:Beschaffung aktuell
940:Wall Street Journal
508:Products and brands
476:Corporate structure
437:Recent developments
221:Number of employees
21:
1339:. 28 December 2021
1287:. 21 November 2022
1259:. 28 November 2019
1069:. 4 September 2014
1026:. 3 September 2014
970:. 18 February 2013
680:. 25 October 2019.
139:Hans Peter Ring, (
67:DE000KGX8881
38:Aktiengesellschaft
1633:Industrieanzeiger
1607:Verkehrsrundschau
1582:. 12 January 2023
1529:Verkehrsrundschau
1424:. 17 January 2020
1140:. 11 January 2019
1066:Business Standard
1050:. 29 August 2014.
914:. 5 November 2012
822:Logistics Manager
589:Karlstein am Main
405:Frankfurt Airport
276:Toyota Industries
245:
244:
144:Supervisory Board
1724:
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1406:
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1401:
1384:
1378:
1377:
1375:
1374:
1365:. Archived from
1355:
1349:
1348:
1346:
1344:
1337:Inside Logistics
1329:
1323:
1322:
1320:
1318:
1303:
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1296:
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1257:Inside Logistics
1249:
1243:
1242:
1240:
1238:
1232:
1221:
1213:
1207:
1206:
1204:
1203:
1194:. Archived from
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1156:
1150:
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1147:
1145:
1128:
1122:
1121:
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1100:
1094:
1093:. 18 March 2016.
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860:on 26 March 2011
844:
838:
837:
835:
833:
828:on 11 April 2013
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174:Operating income
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90:
85:
74:
73:
29:
22:
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1504:. 6 August 2020
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1437:
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1397:
1388:"Kion Group AG"
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1385:
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1372:
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1359:"KION GROUP AG"
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995:Manager Magazin
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886:. 22 March 2011
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309:The Linde Group
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1676:External links
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1659:Logistik Heute
1645:
1619:
1593:
1580:Logistik Heute
1567:
1541:
1515:
1502:Logistik Heute
1489:
1476:
1471:Börsen-Zeitung
1461:
1450:. 16 July 2016
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1379:
1363:Marketscreener
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1284:Yahoo! Finance
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1112:. 21 June 2016
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1047:Börsen-Zeitung
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998:. 28 June 2013
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677:Börsen-Zeitung
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557:Sustainability
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1369:on 2024-03-25
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1313:. 8 July 2021
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1198:on 2023-11-29
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