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{{Short description|German materials handling equipment manufacturer}}
{{Infobox company
| name = Kion Group AG
| logo = Kion_Group_logo.svg
| caption = 
| type = [[Aktiengesellschaft]]
| traded_as = {{FWB|KGX}}
| industry = 
| predecessor = 
| foundation = {{Start date and age|2006}}
| founder = 
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| fate = 
| successor = 
| location = 
| location_city = [[Frankfurt]]
| location_country = [[Germany]]
| locations = 
| area_served = Worldwide
| key_people = * Rob Smith ([[Chief Executive Officer]])
* Hans Peter Ring, ([[Chairperson|Chairman]] [[Supervisory Board]])
| products = intralogistics, industrial trucks and warehouse solutions
| services = 
| revenue = [[Euro|€]]11.43 billion (2023)<ref name=":2">{{Cite web |date=29 February 2024 |title=Kion Group 2023: Annual Report |url=https://reports.kiongroup.com/2023/ar/_assets/downloads/entire-kiongroup-ar23.pdf |journal=Annual Report |pages=2 |via=Kion Group AG}}</ref>
| operating_income = €660.6 million (2023)<ref name=":2" />
| net_income = €314.4 million (2023)<ref name=":2" />
| assets = €17.388 billion (2023)<ref name=":2" />
| equity = €5.772 billion (2023)<ref name=":2" />
| num_employees = 42,325 (full-time equivalents at 31 December 2023)<ref name=":2" />
| parent = 
| divisions = 
| subsid = 
| homepage = {{url|https://www.kiongroup.com}}
| footnotes = 
| intl = 
}}
'''Kion Group AG''' (styled as '''KION Group''') is a German [[Multinational corporation|multinational]] manufacturer of materials handling equipment, with its headquarters in [[Frankfurt]], [[Hesse]], [[Germany]].<ref>{{Cite web |last=Rothbart |first=Karolin |date=28 April 2022 |title=Intralogistik: Kion wagt noch keinen neuen Ausblick |url=https://www.boersen-zeitung.de/unternehmen-branchen/kion-wagt-noch-keinen-neuen-ausblick-aa8fd576-c6d8-11ec-8053-79480a4c7969 |access-date=27 May 2024 |website=[[Börsen-Zeitung]]}}</ref> Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks.<ref>"Kion überrascht positiv". ''[[Börsen-Zeitung]]''. 25 October 2019.</ref> Kion Group was founded in 2006 by the demerger of [[Linde plc|Linde's]] materials handling equipment operations.<ref>"Zwei Traditionsbetriebe feiern". ''[[Schwäbisches Tagblatt]]''. 15 September 2018.</ref> It is the world's second-largest manufacturer of forklifts measured by revenues (after [[Toyota Industries]]).<ref>{{Cite web |last=Smolka |first=Klaus Max |date=13 May 2015 |title=Gabelstaplerkonzern plant Großübernahme |url=https://www.faz.net/aktuell/wirtschaft/unternehmen/gabelstaplerkonzern-kion-plant-grossuebernahme-von-unicarriers-13589955.html |access-date=27 May 2024 |website=[[Frankfurter Allgemeine Zeitung]]}}</ref>
 
== Name ==
"Kion" is an invented name derived from the [[Swahili language|Swahili]] word "Kiongozi", which means "leader".<ref>Braun, Christian (8 November 2006): "Linde kommt mit Konzernumbau gut voran: Gabelstaplergeschäft an Finanzinvestoren veräussert – Stolzer Preis – Käufer planen Börsengang ab 2010". ''Finanz und Wirtschaft''.</ref>
 
== History ==
=== Foundation and beginnings ===
On 6 September 2006, Linde AG announced a new structure following the completion of its acquisition of [[BOC (company)|BOC]], with the gas and engineering businesses of the combined entity operating as [[Linde plc|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.<ref>{{Cite web |last=Gow |first=David |date=6 September 2006 |title=Germany's Linde acquires BOC to create world's biggest gases group |url=https://www.theguardian.com/business/2006/mar/06/1 |access-date=27 May 2024 |website=[[The Guardian]]}}</ref><ref>{{Cite web |last=Keidel |first=Stefan |date=7 November 2006 |title=Finanzinvestoren kaufen Linde-Gabelstaplersparte |url=https://www.welt.de/print-welt/article92875/Finanzinvestoren-kaufen-Linde-Gabelstaplersparte.html |access-date=25 May 2024 |website=[[Die Welt]]}}</ref> Linde AG sold Kion Group to a partnership of [[Kohlberg Kravis Roberts|KKR]] and [[Goldman Sachs Capital Partners]] for approximately €4 billion.<ref>Riske, Gordon (4 June 2013): "Die Stapler rollen an die Börse". ''[[Frankfurter Allgemeine Zeitung]]''.</ref>
 
=== Acquisitions and expansion abroad ===
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.<ref name="logman27510">{{cite news |date=27 May 2010 |title=Kion takes control of Chinese joint venture |url=http://www.logisticsmanager.com/Articles/13827/Kion+takes+control+of+Chinese+joint+venture.html |url-status=dead |archive-url=https://archive.today/20130411073627/http://www.logisticsmanager.com/Articles/13827/Kion+takes+control+of+Chinese+joint+venture.html |archive-date=11 April 2013 |access-date=23 May 2024 |work=Logistics Manager |publisher=}}</ref>
 
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.<ref>{{cite news |date=30 May 2011 |title=Voltas, Kion of Germany to form venture |url=http://www.hindu.com/2011/03/20/stories/2011032063221700.htm |url-status=dead |archive-url=https://web.archive.org/web/20110326000233/http://www.hindu.com/2011/03/20/stories/2011032063221700.htm |archive-date=26 March 2011 |access-date=23 May 2024 |work=[[The Hindu]]}}</ref><ref>{{cite news |date=22 March 2011 |title=Voltas joins hands with Kion to make forklift trucks |url=http://www.thehindubusinessline.com/companies/voltas-joins-hands-with-kion-to-make-forklift-trucks/article1559346.ece |access-date=23 May 2024 |publisher=[[Business Line|The Hindu Businessline]]}}</ref> Kion Group acquired Voltas' 34% shareholding in the venture in November 2012.<ref>{{Cite web |date=5 November 2012 |title=Kion Group acquires Indian forklift manufacturer Voltas Material Handling |url=https://www.scmr.com/article/kion_group_acquires_indian_forklift_manufacturer_voltas_material_handling |access-date=23 May 2024 |website=[[Supply Chain Management Review]]}}</ref>
 
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.<ref>{{cite news |last=Burkitt |first=Laurie |date=31 August 2012 |title=Shandong Heavy Invests in Germany |url=https://www.wsj.com/articles/SB10000872396390444914904577623150942153624 |access-date=23 May 2024 |work=[[Wall Street Journal]] |publisher=}}</ref>
 
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.<ref>{{Cite web |date=18 February 2013 |title=Kion Group and Konecranes collaborate in the container handling truck business |url=https://www.konecranes.com/press/releases/2013/kion-group-and-konecranes-collaborate-in-the-container-handling-truck-business |access-date=23 May 2024 |website=[[Konecranes]]}}</ref>
 
=== Initial public offering and further expansion ===
The company was listed on the [[Frankfurt Stock Exchange]] on 28 June 2013,<ref>{{Cite web |date=28 June 2013 |title=Juni-Gewitter lässt Dax-Gewinne schrumpfen |url=https://www.manager-magazin.de/finanzen/boerse/boerse-news-zu-aktien-euro-und-oel-am-28-juni-2013-a-908315.html |access-date=23 May 2024 |website=[[Manager Magazin]]}}</ref> and in September 2014, the company was admitted to the [[MDAX]] of the Frankfurt stock exchange.<ref>{{Cite web |date=3 September 2014 |title=KION Group AG begrüßt Aufnahme in den MDAX (News mit Zusatzmaterial) |url=https://ircenter.handelsblatt.com/websites/ircenter_handelsblatt10/German/9020/news.html?companyDirectoryName=kion&newsID=1422306 |access-date=23 May 2024 |website=[[Handelsblatt]]}}</ref>
 
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 [[India]].<ref>"Kion will stärker in Indien expandieren". ''[[Börsen-Zeitung]]''. 29 August 2014.</ref><ref>{{Cite web |date=4 September 2014 |title=Voltas Material Handling to use Kion India brand name |url=https://www.business-standard.com/article/companies/voltas-material-handling-to-use-kion-india-brand-name-114090300770_1.html |access-date=23 May 2024 |website=[[Business Standard]]}}</ref>
 
The Belgian company Egemin was acquired in 2015, followed by the [[United States|US]]-based company Retrotech in 2016.<ref>"Kion setzt auf den Google-Stapler". ''[[Frankfurter Allgemeine Zeitung]]''. 18 March 2016.</ref>
 
In June 2016, Kion Group acquired [[Dematic]] for €1.9 [[billion]].<ref>{{Cite web |date=21 June 2016 |title=Dematic acquired by Kion Group |url=https://www.scmr.com/article/dematic_acquired_by_kion_group |access-date=23 May 2024 |website=[[Supply Chain Management Review]]}}</ref> In 2017, the Group headquarters with around 200 employees was relocated from [[Wiesbaden]] to a new development area at [[Frankfurt Airport]].<ref>{{Cite web |date=11 January 2019 |title=Kion-Zentrale künftig in Frankfurt |url=https://www.fr.de/frankfurt/kion-zentrale-kuenftig-frankfurt-11138938.html |access-date=29 May 2024 |website=[[Frankfurter Rundschau]]}}</ref> One year later, Kion opened the Kion Digital Campus in [[Frankfurt]], where digital projects are developed and implemented.<ref>{{Cite web |last=Herrmann |first=Wolfgang |date=11 April 2019 |title=Der Digital Campus treibt Innovationen voran |url=https://www.cio.de/a/der-digital-campus-treibt-innovationen-voran,3598980 |access-date=21 March 2023 |website=[[CIO (magazine)|CIO Magazine]]}}</ref>
 
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 shipments of 50,000 units.<ref>{{Cite web|lang=en|url=https://www.dcvelocity.com/articles/29437-kion-ag-takes-minority-stake-in-chinese-truck-maker-ep-equipment|title=Kion AG takes minority stake in Chinese truck maker EP Equipment|website=DCVelocity|access-date=2024-03-26|archive-date=2023-11-29|archive-url=https://web.archive.org/web/20231129015702/https://www.dcvelocity.com/articles/29437-kion-ag-takes-minority-stake-in-chinese-truck-maker-ep-equipment}}</ref>
 
In July 2019, Kion Group and BMZ Holdings announced a 50/50 joint venture to manufacture [[Lithium-ion battery|lithium-ion batteries]] (80V, 48V) for the Kion Group's trucks at BMZ's manufacturing facility.<ref>{{Cite news |date=11 July 2019 |title=BMZ Holding and KION Group to launch joint venture for lithium-ion batteries |url=https://bmz-group.com/images/Pressemitteilung_JV_KION_Battery_Systems_en.pdf |url-status=live |archive-url=https://web.archive.org/web/20211127164533/https://bmz-group.com/images/Pressemitteilung_JV_KION_Battery_Systems_en.pdf |archive-date=27 November 2021 |access-date=23 May 2024 |work=BMZ Group |location=Frankfurt |type=Press Release}}</ref> In November, Kion India opened a production facility for [[Diesel engine|diesel]] and electric forklift trucks as well as battery-powered pallet trucks and reach trucks on an area of around 25 hectares in [[Pune]], India.<ref>{{Cite web |date=28 November 2019 |title=Kion Group opens plant in India |url=https://www.insidelogistics.ca/business-operations/kion-group-opens-plant-in-india-157313/ |access-date=29 May 2024 |website=Inside Logistics}}</ref>
 
In March 2020, Kion acquired the UK-based company Digital Applications International Limited (DAI) for around €123 million.<ref>{{Cite web |date=21 November 2022 |title=Logistics Automation Global Market Report 2022: Featuring WiseTech, Kion Group, Swisslog Holding, Toshiba, Oracle & More |url=https://finance.yahoo.com/news/logistics-automation-global-market-report-100300528.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmRlLw&guce_referrer_sig=AQAAAJxCF_tjvBZ-_Bq6JwGW5mMCwrYSeKMI-_YV1f3UaG0hqIR9g140xSzLj_Rjhf3HforohVZwlVsmx0TznZ9tbkS4Qx5B693bJm_tGwCyDLpIEHq-HEr-94Pjdz7bJcuamEVA-nfjcecmbt_rh9-kIyP3KJ5ji8hrzbQazxhCp_LC |access-date=24 May 2024 |website=[[Yahoo! Finance]]}}</ref>

=== Recent developments ===
In July 2021, Kion opened an industrial truck plant in [[Kołbaskowo]] near [[Szczecin]], [[Poland]], 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 [[Xiamen]], [[China]], was also relocated to Kołbaskowo one year later.<ref>{{Cite web |date=8 July 2021 |title=Kion expandiert in Polen |url=https://logistik-online.ch/koepfe/detail/kion-expandiert-in-polen/ |access-date=24 May 2024 |website=Logistik: Das Schweizer Fachmedium für Logistikprozesse}}</ref>
 
In December 2021, Kion opened a counterbalance truck plant for the Kion companies Linde Material Handling and Baoli in [[Jinan]], [[China]] on an area of around 223,000 square metres, which includes a research and development centre, a training centre and office space.<ref>{{Cite web |date=28 December 2021 |title=Kion opens China plant |url=https://www.insidelogistics.ca/lifting-equipment/kion-opens-china-plant-178803/ |access-date=24 May 2024 |website=Inside Logistics}}</ref>
 
== Corporate structure ==
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 €306 million (up 188.7% from 2022).<ref>{{Cite web|lang=en|url=https://www.marketscreener.com/quote/stock/KION-GROUP-AG-13495387/finances/|title=KION GROUP AG|website=Marketscreener|access-date=2024-03-26|archive-date=2024-03-25|archive-url=https://web.archive.org/web/20240325213216/https://www.marketscreener.com/quote/stock/KION-GROUP-AG-13495387/finances/}}</ref><ref name=":2" /> The company operates plants and research and development centres in [[Europe]], [[North America|North]] and [[South America]], [[Asia]] and [[Australia]].<ref name=":1">{{Cite web |date=2022 |title=Kion Group AG |url=https://www.cio.de/top500/detail/kion-group-ag,805 |access-date=24 May 2024 |website=[[CIO (magazine)|CIO]]}}</ref>
 
The company is represented by 25 subsidiaries in Germany and 107 subsidiaries abroad.<ref name=":2" />
 
== Products and brands ==
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.<ref>{{Cite web |date=17 January 2020 |title=Kion macht 2019 bessere Geschäfte als erwartet |url=https://www.handelsblatt.com/unternehmen/industrie/gabelstapler-hersteller-kion-macht-2019-bessere-geschaefte-als-erwartet/25446834.html |access-date=21 May 2024 |website=[[Handelsblatt]]}}</ref>
 
The Kion Group markets its products under six brands: Dematic offers products for automated material flow for supply chain and automation processes.<ref>{{Cite web |date=16 July 2016 |title=Intralogistik: Kion übernimmt Dematic |url=https://beschaffung-aktuell.industrie.de/allgemein/kion-uebernimmt-dematic/ |access-date=21 May 2024 |website=Beschaffung aktuell}}</ref> Linde and Still serve the market for industrial trucks in a higher price category, while Baoli focuses on the economy segment.<ref>"Gabelstaplerhersteller Kion verpasst sich neue Struktur". ''[[Börsen-Zeitung]] ''. 27 November 2015.</ref> Fenwick is the largest supplier of industrial trucks in [[France]], OM Still is the market leader in [[Italy]], while OM Voltas serves the Indian market as the leading supplier of industrial trucks.<ref>"Der Logistik-Leader". ''Börsen-Kurier''. 13 November 2014.</ref>
 
== Research & development ==
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.<ref>{{Cite web |date=6 August 2020 |title=Strategie: Kion Group arbeitet jetzt mit Quicktron zusammen |url=https://logistik-heute.de/news/strategie-kion-group-arbeitet-jetzt-mit-quicktron-zusammen-31333.html |access-date=21 May 2024 |website=Logistik Heute}}</ref>
 
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.<ref>{{Cite web |last=Haus |first=Mareike |date=6 December 2023 |title=Linde und TH Aschaffenburg entwickeln autonome Outdoor-Stapler |url=https://www.verkehrsrundschau.de/nachrichten/lager-umschlag/linde-und-th-aschaffenburg-entwickeln-autonome-outdoor-stapler-3461917 |access-date=21 May 2024 |website=Verkehrsrundschau}}</ref>
 
In October 2021, Kion licensed an [[Artificial intelligence|AI]]-equipped autonomous vehicle fleet for sorting and distribution, developed by [[Fraunhofer Society|Fraunhofer]] IML in [[Dortmund]] and has collaborated on its further development since.<ref>{{Cite web |last=Krischke |first=Inka |date=4 October 2021 |title=Fraunhofer IML: Fahrzeugschwarm wird industrialisiert |url=https://www.computer-automation.de/feldebene/robotik/fahrzeugschwarm-wird-industrialisiert.190212.html |access-date=29 May 2023 |website=Computer & Automation}}</ref>
 
== Sustainability ==
Since the beginning of 2023, the company has been developing and producing [[fuel cell]] systems for the company's own industrial trucks in the field of [[hydrogen]] 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 [[Electrolysis|electrolyser]].<ref>{{Cite web |date=12 January 2023 |title=Wasserstoff: Kion will Brennstoffzellen für Intralogistik fertigen |url=https://logistik-heute.de/news/wasserstoff-kion-will-brennstoffzellen-fuer-intralogistik-fertigen-38828.html |access-date=19 May 2024 |website=Logistik Heute}}</ref><ref>{{Cite web |last=Burgert |first=Thomas |date=11 January 2023 |title=Kion will eigene Brennstoffzellensysteme entwickeln |url=https://www.verkehrsrundschau.de/nachrichten/lager-umschlag/kion-will-eigene-brennstoffzellensysteme-entwickeln-3309373 |access-date=19 May 2024 |website=Verkehrsrundschau}}</ref>
 
As part of the "Kion 2027 Strategy", Kion committed to the [[Science Based Targets initiative]] (SBTi) in July 2023. In line with the principles of the SBTi, the company is pursuing the [[Net zero emissions|net zero]] target of being emission-free by 2050 at the latest.<ref>{{Cite web |last=Tomppert |first=Bettina |date=27 July 2023 |title=Kion Group steigert Profitabilität im ersten Halbjahr 2023 |url=https://industrieanzeiger.industrie.de/news/kion-group-steigert-profitabilitaet-im-ersten-halbjahr-2023/ |access-date=21 May 2024 |website=Industrieanzeiger}}</ref>
 
Kion Group, through its subsidiary Kion Battery Systems in [[Karlstein am Main]], 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 [[Magdeburg]], 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.<ref>{{Cite web |last=Lehmann |first=Sandra |date=27 September 2023 |title=Kreislaufwirtschaft: Kion startet nachhaltiges Recyclingverfahren für Lithium-Ionen-Batterien |url=https://logistik-heute.de/news/kreislaufwirtschaft-kion-startet-nachhaltiges-recyclingverfahren-fuer-lithium-ionen-batterien-45471.html |access-date=30 May 2024 |website=Logistik Heute}}</ref>
 
== References ==
<references responsive= />
 
== External links ==
* [https://www.kiongroup.com/de/ Website of the company]
* [https://www.kiongroup.com/de/%C3%9Cber-uns/Standorte/ Locations and subsidiaries of Kion Group AG]
{{Authority control}}
 
[[Category:Motor vehicle manufacturers of Germany]]
[[Category:manufacturing companies based in Frankfurt]]
[[Category:Logistics companies of Germany]]
[[Category:Kohlberg Kravis Roberts companies]]

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