The largest industrial company in Frankfurt am Main is the Kion Group AG with a turnover of 8.8 billion euros (2019). The Kion Group AG is also part of our list of the largest industrial companies in Germany. The company is the world’s second largest supplier of forklift trucks, warehouse equipment and storage systems and the number 1 in Europe in this field. The company has around 35,000 employees. The Kion Group consists of a number of subsidiaries, most of which are country-specific production and sales companies. Worldwide, around 1.4 million industrial trucks and more than 6,000 automated storage systems are in use by Kion. This article is based on the unique List of the 1000 largest industrial companies in Germany.
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Linde, KKR, Goldmann Sachs and Weichai shape Kion history
Kion was created in 2006 by the spin-off of the forklift truck division from the Linde Group. The Linde Group, now based in Dublin, is a leading supplier of industrial gases and gas production plants. Linde sold the new company to the New York investment houses Kohlberg Kravis Roberts & Co. (KKR) and Goldman Sachs. From mid-2013, they successively floated the Kion shares on the stock exchange. Over time, KKR and Goldman Sachs gave up their holdings completely. Kion is an MDAX company. The Chinese diesel engine manufacturer Weichai now holds 43.3 percent of the Kion shares and is thus the major shareholder. The remaining shares are in free float.Source: Listenchampion Picture source: Unsplash