The KION Group and BMZ Holding GmbH have formed a joint venture to produce lithium-ion batteries, enhancing KION's capacity in the industrial truck market.

Target Information

The KION Group is a prominent global leader in the production of industrial trucks and supply chain solutions, operating in over 100 countries. Known for its strong presence in Europe, KION is the largest manufacturer of industrial trucks in the region and the second-largest globally. The company has established a formidable reputation with its successful brands, including Linde, STILL, and Dematic, which provide a range of advanced logistics and automation solutions tailored to optimize material handling and information flow in various sectors.

During the first half of 2019, KION Group showcased remarkable growth, achieving consolidated revenues of EUR 4.364 billion, marking a significant increase of 12.6% compared to the previous year. This growth was largely driven by the robust performance of both its Industrial Trucks & Services and Supply Chain Solutions segments. Furthermore, the company's adjusted EBIT rose by 18.2% to EUR 407.6 million, underscoring its operational efficiency and strategic focus.

Industry Overview

The industrial truck market experienced mixed trends in 2019, influenced by global economic uncertainties and ongoing trade disputes. Despite facing a decline in new orders—down 5.2% year-on-year—some regions, such as APAC, reported slight increases in