# Accolade to invest in expansion of KION Group smart factory in Ostrov u Stříbra

Accolade group, with financing from Česká spořitelna, will expand the KION Group smart factory in Ostrov u Stříbra, Czech Republic, by 25,000 m2. Investment is worth half a billion crowns (approx. CZK 500 million) and will be made available during summer 2020.

- Type: Expansion
- Announced: 2020-05-14
- Where: Ostrov u Stříbra, Pilsen region, Czechia
- Value: $21.0M (500.0M CZK)
- Starts operating: Q3 2020
- Status: announced
- Capacity: 25,000 m2 expansion
- Products: warehouse vehicles, automated transport systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)
- [Accolade](https://endata.com/companies/6871.md) (investor)
- [Česká spořitelna](https://endata.com/companies/47226.md) (partner)

## Sources

- [accolade.eu](https://accolade.eu/domains/accolade.eu/en/news/104/accolade-to-invest-in-expansion-of-kion-group-smart-factory-in-ostrov-u-stribra-industrial-growth-at-time-of-crisis-also-supported-by-ceska-sporitelna), 2020-05-14: "Since 2015 we have invested hundreds of millions of crowns in developing production facilities in Stříbro and the group has chosen the halls here for the launch of several unique projects."
- [deutsch.radio.cz](https://deutsch.radio.cz/kion-group-erweitert-produktion-tschechien-8100293), 2020-05-14: "Im Sommer wird die Firma am gleichen Standort bereits eine dritte Halle eröffnen."

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