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Kion ownership clarified by year end

News Story
- 14 Sep 2006 ( #277 ) - FRANKFURT, Germany
1 min read
Hubertus Krossa
Hubertus Krossa
A German newspaper has reported the future of Linde AG's forklift unit, renamed Kion, will be known before the end of 2006 (Forkliftaction.com News #276).

According to Dow Jones International News, Financial Times Deutschland cited a Linde in-house magazine quoting Kion chief executive-designate Hubertus Krossa as saying a decision was imminent on a sale or initial public offering of Kion.

The newspaper reported Linde AG would cut administrative jobs as there was an overlap resulting from the BOC Group plc merger. A Linde spokesperson said 80 of 350 employees would remain in the Wiesbaden headquarters to work in Kion. The new Linde Group headquarters are in Munich, Germany, and Surrey, UK.
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