Fundamentals of the KION Group
Management and control
The term of office of the members of the Supervisory Board ended at the Annual General Meeting on 11 May 2017. All of the existing shareholder representatives were re-elected by the Annual General Meeting for a further five years. Dr Schepp and Mr Casper were elected as new employee representatives on the Supervisory Board; Mr Brandt and Mr Hartig stepped down. At the constitutive meeting held after the Annual General Meeting on 11 May 2017, the Supervisory Board re-elected Dr Feldmann as chairman. There were no changes on the Executive Board during the first half of the year.
Strategy of the KION Group
The KION Group is pursuing its Strategy 2020, which was described in the 2016 group management report.
Following the successful completion of the Dematic acquisition, the focus for this year is on integrating the company into the KION Group. This includes the integration of Retrotech and Egemin into Dematic.
One of the main objectives under the Strategy 2020 is to systematically unlock the potential for cross-selling and synergies, thereby continually increasing the benefits for customers. This potential derives from the complementary technologies and compatible software solutions of the Group companies, the different emphasis of their regional coverage, the extensive installed base of truck fleets and supply chain solutions, and their combined strength in sales and service.
At the same time, the intelligent alignment of the production infrastructure, joint procurement activities and shared use of corporate services should increase efficiency across the Group.
Overall, this action plan should generate profitable growth in the two segments, balance out the revenue structure and, at the same time, secure their technological position.
The figures reported for the first half of 2016 relating to the Group and the Supply Chain Solutions segment exclude Dematic, which was acquired on 1 November 2016.