German forklift maker Kion seeks U.S. acquisition

Newswire

FRANKFURT, Aug 29 (Reuters) - German forklift truck maker Kion is shopping around for an acquisition in the United States to complement its value brand OM, which could help it overtake Japanese rival Toyota Industries as industry leader. "If there is an opportunity, we will certainly seize it," Kion Chief Executive Hubertus Krossa told reporters late on Tuesday, adding though that an ongoing boom in material handling and warehouse logistics had drained the market of potential acquisition ...

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