# KION Group acquires minority stake in EP Equipment, forms strategic partnership

KION Group signed an agreement to acquire a minority stake in Chinese manufacturer EP Equipment, forming an exclusive global strategic partnership for entry-level warehouse equipment. The deal is expected to close in 2018.

- Type: Acquisition
- Announced: 2018-01-18
- Where: Anji, China
- Status: announced
- Products: entry-level warehouse equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md) (acquirer)
- [EP Equipment](https://endata.com/companies/18981.md) (target)

## Sources

- [kiongroup.com](https://www.kiongroup.com/en/News-Stories/Press-Releases/Press-Releases-Detail.html?id=1669263&title=KION+Group+and+EP+Equipment+agree+strategic+partnership&type=corporate), 2018-01-18: "The KION Group is entering into an exclusive global strategic partnership with leading Chinese manufacturer EP Equipment in the fast-growing market for entry-level, light-duty warehouse equipment."
- [lindemh-cn.com](https://www.lindemh-cn.com/en/archives/4236), 2018-02-27: "The KION Group is entering into an exclusive global strategic partnership with leading Chinese manufacturer EP Equipment in the fast-growing market for entry-level, light-duty warehouse equipment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.