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KION GROUP AG (WBO:KGX) Policy Acquisition Expense


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What is KION GROUP AG Policy Acquisition Expense?

Policy Acquisition Expense only applies to insurance companies.


KION GROUP AG (WBO:KGX) Business Description

Traded in Other Exchanges
Address
Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.