as fwb kgx founded 2006 2006 headquarters wiesbaden germany area served worldwide key people gordon riske chief executive officer products forklifts warehouse equipment and industrial trucks revenue 5 098 million 2015 1 operating income 422.8 million 2015 1 net income 221.1 million 2015 1 total assets 6 440 million 2015 1 total equity 1 849 million 2015 1 owner consortium of kohlberg kravis roberts and goldman sachs capital partners 75 % weichai power 25 % number of employees 23 506 full time equivalents at 31 december 2015 1 website www.kiongroup.com kion group ag styled as kion group is a german multinational manufacturer of materials handling equipment with its headquarters in wiesbaden hesse germany . its principal products are forklift trucks warehouse equipment and industrial trucks . kion group was founded in 2006 by the demerger of the linde group s materials handling equipment operations . it is the world s second largest manufacturer of forklifts measured by revenues after toyota industries . 2 contents 1 name 2 history 3 brands 4 references 5 external links name edit kion is an invented name derived from the maasai word kiongozi which means take leadership . 3 history edit on 6 september 2006 linde ag announced a new structure following the completion of its acquisition of the boc group with the gas and engineering businesses of the combined entity operating as the linde group and the materials handling businesses linde material handling still and om carrelli elevatori s.p.a. operating as kion group . linde ag sold kion group to a partnership of kohlberg kravis roberts and goldman sachs capital partners for approximately 4 billion . in january 2009 kion group formed a china based forklift manufacturing joint venture kion baoli jiangsu forklift with jiangsu shangqi group and jingjiang baoli forklift . 4 in may 2010 kion group acquired full management control of kion baoli . 4 in march 2011 kion group and the indian engineering company voltas agreed to form a new joint venture voltas materials handling comprising the two companies material handling equipment operations in india . 5 6 kion group acquired voltas 34 % shareholding in the venture in november 2012 . 7 in august 2012 the china based shandong heavy industry s weichai power subsidiary agreed to acquire a 25 % stake in kion group for 467 million and a 70 % majority stake in kion s hydraulics business for 271 million . 8 9 in february 2013 kion group agreed to sell the product rights to the linde brand s reach stacker empty container handler and laden container handler product lines to the finnish crane manufacturer konecranes for an undisclosed sum . 10 brands edit kion group sells its products under the following brand names baoli fenwick linde material handling om still still voltas egemin automation references edit a b c d e f kion group annual report 2015 . kion group . retrieved 11 may 2016 . toyota motor affiliate to buy cascade for 759 million . bloomberg . 23 october 2012 . retrieved 23 february 2013 . company profile of the kion group . kion group . retrieved 23 february 2013 . a b kion takes control of chinese joint venture . logistics manager . 27 may 2010 . retrieved 23 february 2013 . voltas kion of germany to form venture . the hindu . 20 march 2011 . retrieved 23 february 2013 . voltas joins hands with kion to make forklift trucks . the hindu businessline . 21 march 2011 . retrieved 23 february 2013 . kion group acquires the indian truck manufacturer voltas material handling pvt. ltd. in its entirety . reuters . 2 november 2012 . retrieved 23 february 2013 . shandong heavy invests in germany . the wall street journal . 31 august 2012 . retrieved 3 february 2013 . china s shandong heavy industry group signs us 928 mil . deal to buy stake in kion group . the china post . 4 september 2012 . retrieved 3 february 2013 . konecranes buys container handling assets from kion group . reuters . 18 february 2013 . retrieved 3 february 2013 . external links edit kion group official site v t e kohlberg kravis roberts founders jerome kohlberg jr. henry kravis george r. roberts selected current investments academy sports outdoors alliance boots aricent group avago biomet bharti enterprises capsugel cicc caf coffee day colonial pipeline del monte foods dollar general eastman kodak el paso corp. energy future holdings first data harman international industries hospital corporation of america kion group laureate education legg mason legrand magma fincorp maxeda nielsen holdings northgate information solutions nxp semiconductors oriental brewery pets at home prosiebensat .1 media sealy corporation seven west media sungard tdc a s toys r us us foods visma wild yageo zhone technologies category retrieved from https en.wikipedia.org w index.php title kion group & oldid 731726910 categories companies based in wiesbadenforklift truck manufacturerscompanies established in 2006kohlberg kravis roberts companies navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aissvenska edit links this page was last modified on 27 july 2016 at 04 16 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view