 Kion - maximising cross-market synergies Linde Material Handling becomes “The KION Group”
September 20th 2006 Linde has announced its plans for the future, following the merger of Linde AG and the BOC Group plc. The merger, which took place on the 5th September 2006, will create a world-leading industrial gases and engineering company. The new company will trade under the name “The Linde Group”.
In parallel with the merger with BOC, Linde AG has made the Material Handling business segment legally independent, by grouping the three brands Linde, STILL and OM in a new holding company – “KION Group”.
“Material Handling will have greater focus on its business as an independent company”, said Professor Reitzle, President and Chief Executive Officer of Linde AG. “By focussing on a clearly-defined business area, it will be possible to combine strengths even more efficiently and to better extract the potential of the individual brands.”
“The new ‘KION Group’ will bring together all our strengths under one roof, so we can position ourselves to maximise cross-market synergies”, said Hubertus Krossa, CEO Kion Group. “We have a great platform. With our three brands Linde, STILL and OM, we are the undisputed market leader in Europe as well as on the technology front. This provides the basis for us to strengthen our global position in the future.” More articles from Linde Material Handling (UK) Ltd: | 
