KION Group AG - Company Profile
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Business Description
KION Group AG (KION), a subsidiary of Weichai Power (Luxembourg) Holding Sarl, is a supplier of industrial trucks and supply chain solutions. The company's portfolio includes industrial trucks such as forklift trucks and warehouse trucks, integrated automation technology, and software solutions for supply chain optimization. The KION Group operates in over 100 countries worldwide, improving the flow of material and information within factories, warehouses, and distribution centers. The company is the largest manufacturer of industrial trucks in the EMEA region and the leading foreign manufacturer in China.
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R&D Overview
KION Group has been actively involved in various R&D initiatives to strengthen its position in the intralogistics industry. The company's R&D activities are primarily focused on automation solutions, sustainable, energy-efficient drive systems, and mobile automation solutions. KION is working on creating fully integrated solutions for automated, sustainable warehouse systems, supported by intelligent material handling equipment and technology. The company is also focused on reducing the complexity and diversity of the product range and shortening development times for new products. Additionally, KION is involved in collaborative projects to advance research and development in the 'automation and software' field of action. The company is developing and refining energy-efficient drive solutions, including a proprietary 24-volt fuel cell system for warehouse trucks, and is working on sustainable solutions for the entire lithium-ion battery lifecycle, including charging management, reconditioning, and recycling. However, KION is involved in several major technology alliances, including the joint Canadian-German undertaking ARIBIC, the CampusOS project, the KAnIS development project, the European research project IMOCO4.E, the Bavarian research project KI.FABRIK, the GRASS project, the AIGV project with the University of Edinburgh, the AGENC project, and the LernFFZ project. In FY2024, the company spent EUR259.6 million in R&D, which as a percentage of revenue stood at 2%, and grew 10.4% YoY.
Business Segments
Overview
It comprises holding companies and other service companies that provide services such as IT, and general administration across all segments. In FY2024, the segment's capital expenditure stood at EUR47.8 million in FY2024, which grew 5.3% YoY.
Performance
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Overview
Manufactures and supplies forklift and industrial trucks with electric and IC engine. Key brands include Linde, Fenwick, Baoli, OM and STILL. Offers warehouse automation technology, fleet management solutions and financial services. Also, carries out aftersales business, providing spare parts, and repairs and maintenance works; rental business and sale of used industrial trucks business. In FY2024, the segment's capital expenditure stood at EUR301 million in FY2024, which grew 2.9% YoY.
Performance
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Overview
Offers software solutions and integrated technology solution under Dematic brand. Service portfolio includes manual and automated solutions including goods inward and multi shuttle warehouse systems and picking and value-added packing. Also, offers intelligent software, sorters, conveyors, automated guided vehicles, storage and retrieval systems, picking equipment, and palletizers. In FY2024, the segment's capital expenditure stood at EUR114.1 million in FY2024, which grew 8.9% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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