# KION Group acquires stake in ifesca for energy management software

KION Group acquired a stake of just under 20% in ifesca GmbH, a specialist in AI-based energy management software, for approximately €5 million. The investment aims to offer customers energy optimization for industrial truck fleets.

- Type: Investment
- Announced: 2021-10-04
- Where: Ilmenau, Germany, Germany
- Value: $5.80M (5.00M EUR)
- Status: announced
- Products: AI-based energy management software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)
- [KION Group](https://endata.com/companies/16287.md) (investor)
- [ifesca](https://endata.com/companies/58126.md) (partner)
- [ifesca](https://endata.com/companies/58126.md) (target)

## Sources

- [mmh.com](https://www.mmh.com/article/kion_group_invests_in_ai_based_energy_management_platform_for_greater_susta), 2021-10-04: "KION Group, a provider of warehouse automation, intralogistics solutions, and lift trucks, is acquiring a stake of just under 20 percent in ifesca GmbH."
- [insidelogistics.ca](https://www.insidelogistics.ca/dc-warehouse-operations/kion-buys-into-energy-management-software-maker-177390/), 2021-10-05: "Thanks to ifesca’s AI-based software, we will be able to offer our customers a complete solution for their energy management needs."

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