Employee share programme in Germany

News Story
- 5 Sep 2013 ( #632 ) - Wiesbaden, Germany
2 min read
KION Group AG is setting up an employee share programme that will benefit its employees in Germany.

Spokesman Frank Brandmaier tells Forkliftaction.com News the programme was announced to employees in June 2012 and that kick-off is aimed for 2014. "So far, there hasn't been much feedback from employees since the programme is still being conceptualised."

This means KION can't be specific on which of its forklift brand companies or which other countries will be included in the programme, although it says the programme will eventually be rolled out outside Germany.

Preparations for the programme include the buyback of shares to be held in treasury. Between 28 August 2013 and 15 October 2013, up to 200,000 no-par-value shares will be repurchased, which is equivalent to about 0.2% of the share capital. The shares will then be offered to staff as part of the employee share programme.

Goldman Sachs International is conducting the buyback programme. According to KION, Goldman Sachs will decide on the execution of the purchase, independently and without any influence from KION Group AG. In 2006, Linde AG sold its forklift business (later renamed KION) to Kohlberg Kravis Roberts & Co and Goldman Sachs Capital Partners for EUR4 billion (USD5.082 billion) (Forkliftaction.com News #285).

"Our company's success relies on a high level of commitment from our employees," says Gordon Riske, CEO of KION Group AG. 'We want to reward this dedication with a share programme that is designed to help our employees identify with the company even more strongly."

The KION Group, comprising the six brands Linde, STILL, Fenwick, OM STILL, Baoli and Voltas, is the largest industrial truck manufacturer in Europe, the global number two in the industry and the leading non-domestic supplier in China.

It employed over 21,000 people and generated revenue of EUR4.73 billion (USD6.24 billion) in 2012. KION Group is present in more than 100 countries and has a global marketshare of about 15%.
Employees get pay rise in new year
Employees get pay rise in new year 9 Jan 2014 - Rocester, United Kingdom - 2 min read
Finnish workers to lose jobs
Finnish workers to lose jobs 22 Aug 2013 - Hyvinkää, Finland - 1 min read
Private investors buy into Oshkosh
Private investors buy into Oshkosh 22 Aug 2013 - Oshkosh, WI, United States - 1 min read
Previously about:
KION reports dip in Q1 revenue News Story - 8 May 2025 - Frankfurt am Main, Germany - 1 min read
KION optimises funding structure News Story - 17 Apr 2014 - Wiesbaden, Germany - 2 min read
KION hopes to lead with Strategy 2020 News Story - 27 Mar 2014 - Wiesbaden, Germany - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

VETTER Industrie GmbH
The world's most comprehensive range of forks and the most intelligent sensor fork for more safety and efficiency.

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

PREMIUM business

Flexi® By Narrow Aisle Limited
Leading manufacturers of very narrow aisle (VNA) equipment.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.