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KION media day: CEO Riske sees further potential for growth from the Dematic acquisition (news with additional features) - Seite 2

The Supply Chain Solutions segment comprises Dematic, Egemin Automation and
Retrotech, while Corporate Services includes headquarter functions and
group wide services such as internal logistics and IT.

After the deduction of certain liabilities, the purchase consideration for
the shares in Dematic amounts to circa US$ 2.0 billion based on an
enterprise value of US$3.25 billion. The acquisition creates a leading
player with pro forma revenue of more than EUR6.7 billion in the 2015
calendar year and a high level of profitability in the form of a combined
adjusted EBIT margin of approximately 9.4 percent in the same period.

Dematic is a leading global supplier of advanced integrated supply chain
automation technology, software and services. Its portfolio of products and
systems includes intelligent software, conveyors, sortation, automated
guided vehicles, automated storage and retrieval systems, light/voice
directed order fulfilment, automated de-palletizing/palletizing and an
24/7/365 customer service. Dematic has grown by more than 12 percent
annually since 2013. In 2015, it generated revenue of roughly US$1.8
billion (EUR1.6 billion) and adjusted EBIT of US$166 million (EUR150
million). Dematic employs almost 6,000 skilled logistics professionals -
including more than 3,000 engineers in software development, research and
development, engineering services, project management and customer service.
The company operates more than 100 sites in 22 countries and is a leading
player in the United States, Europe and worldwide. To date, its specialists
have installed more than 4,500 integrated systems for small, medium-sized
and large companies in a broad variety of industries, including the fast-
growing e-commerce sector.


Attractive growth and cost synergies

The two companies complement one another with strong market positions and
regional presence thus opening up opportunities for cross-selling in the
medium term. Dematic will make use of the reputation and leading market
positions of KION's forklift brands in key markets such as Europe, China
and Brazil, while the KION Group benefits from Dematic's strong position in
the U.S. and European automation markets. Moreover, the combination of the
KION Group's comprehensive sales and service network and Dematic's large
installed base opens up potential for further revenue gains in the
software, service and retrofit businesses. The complementarity of both
businesses will generate cost synergies.

Website: kiongroup.com/mediasite

Twitter: @kion_group


The Company

The KION Group is a global leader in industrial trucks, related services,
and supply chain solutions. Across more than 100 countries worldwide, the