KION Group
#2730
Rank
$5.13B
Marketcap
Germany
Country
Mr. Ching Pong Quek (Pres of KION ITS Asia Pacific & Americas and Member of the Exec. Board)
Mr. Andreas Krinninger (Pres of KION ITS EMEA & Member of Exec. Board)
Mr. Hasan Dandashly (Pres of Supply Chain Solutions & Member of Exec. Board)
Summary
History
On 6 September 2006 Linde AG announced a new structure following the completion of its acquisition of The BOC Group, with the gas and engineering businesses of the combined entity operating as The Linde Group and the materials handling businesses operating as KION Group. Linde AG sold KION Group to a partnership of Kohlberg Kravis Roberts and Goldman Sachs Capital Partners for approximately €4 billion.
In January 2009 KION Group formed a China-based forklift manufacturing joint venture, Kion Baoli 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, comprising 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 agreed to sell the product rights to the Linde brand's reach stacker, empty container handler and laden container handler product lines to the Finnish crane manufacturer Konecranes for an undisclosed sum.In June 2016 KION Group acquired Dematic to make them the global leader in advanced material handling solutions.In July 2019, an announcement by KION Group and BMZ Holdings mentioned they will host a 50/50 joint venture that will manufacture lithium-ion batteries for the KION Group's trucks at the BMZ HQ manufacturing facility.
Mission
Vision
Key Team
Dr. Henry Puhl (CTO & Member of Exec. Board)
Dr. Richard Robinson Smith (CEO, Interim CFO & Labour Director and Member of Exec. Board)
Sebastian Ubert (VP of Investor Relations)
Dr. Joachim Kaffanke (Head of Legal & Corp. Office)
Mr. Jonathan M. Dawley (Pres & CEO of KION North America)
Recognition and Awards
References
Mr. Ching Pong Quek (Pres of KION ITS Asia Pacific & Americas and Member of the Exec. Board)
Mr. Andreas Krinninger (Pres of KION ITS EMEA & Member of Exec. Board)
Mr. Hasan Dandashly (Pres of Supply Chain Solutions & Member of Exec. Board)