KION Group seeks listing on the Frankfurt Stock Exchange (with additional features)


KION GROUP GmbH / Key word(s): IPO

03.06.2013 / 10:30

Wiesbaden, 3 June 2013 - KION Group, by revenue the world's leading specialized global supplier of industrial trucks and related services, is preparing for its initial public offering on the Prime Standard segment of the regulated market of the Frankfurt Stock Exchange. The current principal shareholders, funds advised or controlled by Kohlberg Kravis Roberts & Co. L.P. and The Goldman Sachs Group, Inc., will remain invested. Strategic anchor investor Weichai Power Co., Ltd. will increase its stake in KION Group to 30% immediately prior to completion of the offering.

'The IPO of KION Group will enable investors to participate in a company with a global presence and a leading position within its sector which has steadily improved its profitability and operates in a market which is expected to grow faster than global GDP during the next years', emphasised CEO Gordon Riske. 'Following a record year in 2012, KION Group also made solid gains in the first quarter of 2013.'

The company to be listed is currently called KION Holding 1 GmbH and will trade as KION GROUP AG.

About KION Group

The KION Group - comprising the six brands Linde, STILL, Fenwick, OM STILL, Baoli and Voltas - is Western and Easter Europe's largest manufacturer of industrial trucks, the global number two in the industry and the largest non-domestic supplier in China. The Linde and STILL brands serve the premium segment worldwide. Fenwick is the largest supplier of material handling products in France, while OM STILL is a market leader in Italy. The Baoli brand focuses on the economy segment, and Voltas is a market leader in India. The KION Group employed more than 21,000 people and generated revenue of Euro 4.73 billion in 2012. KION Group is present in more than 100 countries and has a global market share of some 15 percent.


This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the 'Securities Act'), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. Neither KION GROUP AG nor its current shareholders intend to register any securities referred to herein in the United States.

Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

Any potential offer will be made exclusively through and on the basis of a published prospectus that may be obtained from the issuer and that will contain detailed information about the Kion Group and management, as well as financial statements.

No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.

For further information please contact:

Michael Hauger
Head of Corporate Communications, KION Group
Tel.: +49 (0) 611.770-655

Frank Brandmaier
Head of Corporate Media Relations, KION Group
Tel.: +49 (0) 611.770-752

End of Corporate News

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