Kion surges close to 10% after teaming up with Nvidia, Accenture

Kion AG

07/01/2025 10:00

** Shares in Germany's Kion Group  KGX.DE  jump as much as
9.9% after the forklift manufacturer teamed up with Nvidia
 NVDA.O  and Accenture  ACN.N  
    ** Kion said it would optimize its supply chain service
offer through AI-powered robots and online testing of warehouse
configuration prior to physical implementation
    ** "Shares overreacted a little bit as a key AI player like
Nvidia is included and because shares underperformed over the
past months," a trader says
    ** Still, the trader adds the deal increases the credibility
of Kion's service offering
    ** If gains hold, Kion's stock will see its best day October
2018; at 0953 GMT shares are up around 8%, topping the
pan-European STOXX 600 index  .STOXX  

    

 (Reporting by Alberto Chiumento)
 ((Alberto.Chiumento@thomsonreuters.com;))