Germany Kaiao, the hottest subsidiary of Weichai P

2022-09-23
  • Detail

Weichai Power subsidiary Kaiao Germany acquires all shares of Dematic

Weichai Power subsidiary Kaiao Germany acquires all shares of Dematic

China Construction Machinery Information

 Kion and Dematic business form effective complementarity and synergy, and Kion has become the global leader in understanding solutions of the global materials department

 Weichai Power, the largest shareholder of Kion, fully supports this acquisition, We will make full use of business opportunities in the field of industrial automation and digitalization

 this acquisition of Kion is fully in line with the overall strategic objectives and global strategic layout of Weichai Power, expand and extend the business layout of Weichai Power in the global market, especially in North America, more diversified regions and businesses, and further enhance its anti risk ability

Hong Kong, June 22, 2016 - Weichai Power Co., Ltd. ("Weichai Power" or "company", stock code of Hong Kong Stock Exchange: 2338; stock code of Shenzhen Stock Exchange: 000338) announced that on June 21, 2016 Central European time, the overseas subsidiary of Weichai Power KION Group AG ("Kion") signed an agreement with the shareholders of Dematic group s. à R.L. ("Dematic") to acquire all the shares of Dematic group s. à R.L. The consideration for this acquisition transaction will be paid in cash, with a total consideration of about US $2.1 billion. Upon completion of the transaction, Kion will acquire all the shares of Dematic

Dematic is a leading global supplier that optimizes the supply chain and meets customers' material handling needs through a high degree of integration of automation technology, software and services. Its product and system portfolio covers a wide range, from automated guided vehicles, pallet stackers and storage and sorting equipment including automatic storage retrieval systems, sorters and conveyors, to leading integrated software platforms and automation technology. Since 2013, Dematic has increased by more than 12% annually. In 2015, the operating revenue was $1.8 billion, and the adjusted EBIT transmission system, an important part of the experimental machine, was $166 million. Dematic employs nearly 6000 skilled logistics professionals, including more than 3000 engineers in engineering, software development, technology research and development, project management and customer service, to serve global customers. Dematic has engineering centers and manufacturing bases all over the world, and has more than 100 strongholds in 22 countries around the world. With a leading position in the United States, Europe and other parts of the world, it has provided more than 4500 integrated systems for large, medium and small enterprises in many industries around the world, including the fastest-growing e-commerce industry

this acquisition enables Kion and DEM, such as atic, to form effective complementarity and synergy. Kion, the world's second largest manufacturer of forklift production and warehousing technology services, will become a global leading provider of intelligent internal logistics solutions by acquiring Dematic, a first-class automation provider and supply chain optimization expert. Weichai Power, the largest shareholder of Kion, fully supports this acquisition and will make full use of business opportunities in the field of industrial automation and digitalization. This acquisition of Kion fully conforms to the overall strategic objectives and global strategic layout of Weichai Power, expands and extends the business layout of Weichai Power in the global market, especially in North America, with more diversified regions and businesses and further enhanced anti risk ability

in December 2012, Weichai Power invested in Germany Kaiao group, the world's leading industrial forklift manufacturer, and obtained 25% equity. On June 28, 2013, Kion was successfully listed and traded on the Frankfurt Stock Exchange in Germany. At present, it is a constituent stock of German mdax and the European Stoxx 600 index (which includes the top 600 companies in Europe). Weichai Power became the single major shareholder of Kion by further increasing its stake in Kion to 38.25%, and began to conduct a comprehensive consolidated statement of Kion in the middle of 2014. In 2015, Kion achieved an operating revenue of 5.098 billion euros, accounting for nearly 50% of the consolidated operating revenue of Weichai Power, and a net profit of 221 million euros, which greatly enhanced the performance and comprehensive strength of Weichai Power, and made the business structure of Weichai Power more reasonable

Weichai Power has always adhered to the global operation strategy of "Product Management + capital operation" and successfully built a new pattern of coordinated development of four industrial sectors: powertrain (engine, gearbox, axle), complete vehicle, hydraulic control and auto parts. In recent years, Weichai Power has actively sought strategic transformation and structural adjustment, built a diversified business structure that the research group believes is vehicle oriented, accelerated global business layout and international work coordination, and gradually got rid of excessive dependence on investment. In the future, Weichai Power will seize the opportunities of made in China 2025, Internet + and intelligent manufacturing to promote the transformation of the company from land power to all field power, from general technology to core technology, from investment driven to investment consumption dual drive, from domestic development to global development, and from manufacturing enterprises to service manufacturing enterprises, leading China's equipment manufacturing industry to break out of the tight encirclement and go global

the Chinese dream is the dream of every Chinese enterprise and every Weichai people. Wei 5 The fluctuation range of power supply voltage shall not exceed 10% of the rated voltage; The "13th five year plan" of diesel power has established the "Weichai dream" of building a century old enterprise and maintaining its foundation forever. Kion's acquisition of Dematic will help to realize the "Weichai dream" of building a century old enterprise and maintaining an everlasting foundation, and help promote the transformation, upgrading and structural adjustment of China's equipment manufacturing industry

Copyright © 2011 JIN SHI