DGAP-News

KION media day: CEO Riske sees further potential for growth from the Dematic acquisition (news with additional features)

DGAP-News: KION GROUP AG / Key word(s): Miscellaneous
KION media day: CEO Riske sees further potential for growth from the Dematic
acquisition (news with additional features)

02.12.2016 / 17:28
The issuer is solely responsible for the content of this announcement.

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- Gordon Riske: KION Group's unique portfolio now covers the entire supply
chain

- Dematic CEO John Baysore: Market potential from the megatrends of
digitalization, urbanization, and increasing convenience for consumers

- KION media day at Dematic's European headquarters in Heusenstamm near
Frankfurt

Wiesbaden/Heusenstamm, December 2, 2016 - The Chief Executive Officer of
the KION Group, Gordon Riske, believes the acquisition of automation and
supply chain optimization specialist Dematic adds potential for growth.
"Through the acquisition, we are creating a company whose products and
services encompass the entire supply chain. Our product portfolio is unique
and ranges from forklift trucks to fully automated material handling
solutions," said Riske at the KION media day, which was held on Friday at
Dematic's European headquarters in Heusenstamm near Frankfurt. According to
Riske, the KION Group thus offers its customers everything they need for
their warehouses and production lines. "We are also significantly expanding
our global reach," emphasized the Chief Executive Officer.

At the event, the new CEO of Dematic, John Baysore, highlighted the market
potential offered by the megatrends of digitalization, urbanization, and
increasing convenience for consumers. "Dematic's automation solutions are
needed by customers who are adapting to changing consumer requirements and
want to maintain their competitive advantage," said Baysore. He added that
the driving factors in retail included the boom in online business, rising
labor costs, the trend for smaller stores, and the resulting shift of
inventory from stores to distribution centers.


The KION Group will have three segments

As a result of the transaction, the KION Group will start managing its
business and reporting financials by three segments in December 2016:
Industrial Trucks and Services, Supply Chain Solutions and Corporate
Services. The Industrial Trucks and Services segment represents KION's
business up to now and consists of four operating units: Linde Material
Handling EMEA and STILL EMEA, which each concentrate on Europe, the Middle
East and Africa, plus KION APAC and KION Americas, which hold cross-brand
responsibility for the Asia-Pacific region and the Americas, respectively.