KION Group has acquired full management control of KION Baoli to enhance its position in China's growing material handling equipment market.
Information on the Target
The KION Group GmbH has assumed complete management control over KION Baoli (Jiangsu) Forklift Co., Ltd., a joint venture established in January 2009 with Jiangsu Shangqi Group Co., Ltd. and Jingjiang Baoli Forklift Co., Ltd. With this strategic move, KION Baoli will be seamlessly integrated into KION Group's global operations, enhancing its market presence and operational effectiveness.
KION Baoli functions as the group's fourth brand, focusing on the economic segment of the material handling equipment market worldwide. Its diverse product range includes diesel, LPG, and electric trucks, as well as warehouse trucks, with load capacities ranging from 1 to 10 tonnes. KION Baoli boasts an extensive sales and service network, covering all provinces in China and reaching 80 countries worldwide, employing approximately 500 personnel dedicated to delivering competitive products and exceptional service to both domestic and international clients.
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Industry Overview in China
China's industrial equipment sector has been experiencing significant growth, driven by rapid urbanization and increased demand across various industries, including logistics and manufacturing. The material handling equipment industry, specifically, has be
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