Organisational structure

The KION Group began a new chapter in its history when its parent company, KION GROUP AG, was successfully floated on the stock market on 28 June 2013. The IPO and a number of accompanying measures have resulted in substantial changes to the Group’s organisational structure and shareholder structure.

KION Group Holding 1 GmbH, the strategic management holding company of the KION Group, was converted into KION GROUP AG before the IPO. Since then, it has indirectly held all shares in KION Material Handling GmbH (formerly KION GROUP GmbH), the operational parent company of the KION Group.

A total of 17.5 million shares – equating to 17.7 per cent of the share capital – were placed with new investors. Of this number, 17.2 million new shares originated from a capital increase in June 2013, while 0.3 million shares came from the stake held by existing shareholder Superlift Holding S.à r.l., Luxembourg, as an over-allotment option.

KION GROUP AG’s IPO was accompanied by two capital increases:

• Weichai Power (Luxembourg) Holding S.à r.l., Luxembourg, acquired 13.7 million new shares immediately before completion of the IPO. This company is a subsidiary of Weichai Power Co. Ltd. (referred to below as Weichai Power), which is a strategic anchor shareholder of KION GROUP AG.
• Also before completion of the IPO, Superlift Holding S.à r.l., Luxembourg, (referred to below as Superlift Holding) acquired 4.0 million shares by way of converting an existing loan into equity and transferring the shares in Superlift Funding. The shareholders of Superlift Holding are investment funds that are advised by group companies of The Goldman Sachs Group, Inc. (Goldman Sachs) and companies that are advised by or affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR).

As far as the Company is aware, Weichai Power indirectly held a stake of 30.0 per cent, while Superlift Holding held 48.6 per cent as at 31 December 2013. Transactions after the 2013 reporting date caused Superlift Holding’s stake to fall to 34.5 per cent and, as far as the Company is aware, Weichai Power’s indirect stake to rise to 33.3 per cent (see ‘events after the reporting date’).

The KION Group’s segment structure did not change in the reporting year (see the segments section).