The KION Group is the world’s second-largest supplier of forklift trucks, warehouse trucks and associated services and solutions. With three global brands – Linde, STILL and Baoli – and three regional brands, it is represented in all of the major sales markets and price segments.
The KION Group’s strategic management holding company, KION GROUP AG, is listed on the Frankfurt Stock Exchange, where it is part of the MDAX. KION GROUP AG indirectly owns all the shares in KION Material Handling GmbH. Its head office functions, consisting of administrative, financial and technical services, and human resources, were transferred to the KION GOUP AG on 1 September 2014 by means of a purchase and transfer agreement. Therefore KION GROUP AG replaced KION Material Handling GmbH as the operational parent company of the KION GROUP.
The strategic anchor shareholder of KION GROUP AG is Weichai Power (Luxembourg) Holding S.à r.l., Luxembourg, a subsidiary of Weichai Power Co. Ltd., which held 33.3 per cent of the shares at the end of 2014 as far as the Company is aware. Another 18.8 per cent of the shares were held, through Superlift Holding S.à r.l., Luxembourg, by 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). The free float accounted for 47.7 per cent of the shares.