Material events after the reporting date
On 10 July 2019, KION GROUP AG and BMZ Holding GmbH signed an agreement to establish a joint venture that will manufacture lithium-ion batteries for industrial trucks. The two shareholders will each hold a 50 per cent stake in the business, which will be called KION Battery Systems GmbH. The company’s headquarters will be in Karlstein am Main. The closing of the transaction is subject to approval by the competent antitrust regulators.
On 16 July 2019, the KION Group acquired a 4.99 per cent stake in Zhejiang EP Equipment Co., Ltd., Huzhou, People’s Republic of China, with a purchase price of €11.3 million.
Frankfurt am Main, 23 July 2019
The Executive Board
Dr Eike Böhm
Ching Pong Quek