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KGX — Kion AG News Story

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Brief: Colruyt Teams Up With Kion On Supply Chain Robotics

BRIEF-Colruyt Teams Up With Kion On Supply Chain Robotics

- Colruyt Group NV COLR.BR:

  • COLRUYT GROUP AND KION LAUNCH A NEW RESEARCH AND DEVELOPMENT CENTER FOR NEXT‑GENERATION SUPPLY CHAIN ROBOTICS

  • HAS SOLD 70% OF ITS ACTIVITIES RELATED TO RESEARCH AND DEVELOPMENT CONCERNING SELF-DRIVING PALLET TRUCKS TO KION

  • SELECTS KION AS ITS PREFERRED GLOBAL PARTNER TO BRING ITS MOST ADVANCED SELF‑DRIVING VEHICLE

  • TRANSACTION IS EXPECTED TO LEAD TO A POSITIVE IMPACT OF APPROXIMATELY EUR 20 MILLION

  • KEEPS A PARTICIPATION OF 30% AND SMART INNOVATION NV WILL AS OF NOW BE RECOGNISED AS AN ASSOCIATE ACCOUNTED FOR USING EQUITY METHOD

Source text

Further company coverage: COLR.BR, KGX.DE


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