KION Group acquires Indian forklift manufacturer Voltas Material Handling

After co-founding in May 2011, KION becomes sole shareholder.

By ·

The KION Group has today acquired Voltas Limited’s 34% minority shareholding in Voltas Material Handling Pvt. Ltd. (VMH). VMH was founded jointly by the KION Group and Voltas Limited in May 2011. The KION Group has now become the sole shareholder.

VMH will continue to use the “Voltas” brand for its products and services. Mr. Sunil K. Gupta, currently the CEO of VMH, has also been appointed as Managing Director of VMH. VMH is one of the KION Group’s six brand companies. It develops, manufactures, sells and maintains forklift trucks and warehouse trucks under the Voltas brand.

VMH’s manufacturing is based in India and its business activities focus primarily on the Indian market. Its product range includes diesel trucks, LPG trucks and electric forklift trucks with load capacities of 1.5 to 16 tonnes plus warehouse trucks. Construction of a new plant in Pune enabled VMH to double its production capacity last year. VMH has a network of 14 sales offices and 35 dealerships with which it serves the hugely populous Indian market.

“The acquisition of VMH in its entirety is another milestone in our successful global growth strategy,” said Gordon Riske, CEO of the KION Group. “This step paves the way for us to continue to tap into the Indian market and harness its attractive long-term potential for growth.”

Sunil K. Gupta, Managing Director of VMH, added: “We want to build on our leading position in India and become - and stay - the undisputed number one. The pairing of VMH’s experience of the Indian market with KION’s technology leadership puts us in the best possible position to achieve this objective.”


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
Download the full 2016 Modern Materials Handling Salary Survey
How does your earning power match up with your peers across the material handling industry? Materials Handling salary survey, Warehouse manager salary survey, Warehouse Salary Research
Download Today!
From the November 2016 Issue
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to the line. The result is a more consistent, efficient and safer operation.
Optimizing home delivery: It takes more than planning
9th Annual Salary Survey: Success and Satisfaction Continue to Reign
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2016 Warehouse/DC Operations Webcast: Confronting omni-channel complexity
During this webcast we’ll examine the current activities, trends, and best practices in warehouse and DC operations management and how companies plan to address complex issues associate with omni-channel fulfillment.
Register Today!
EDITORS' PICKS
Systems Report: Whirpool puts mobile robots to work
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to...
Modern Materials Handling’s 2017 Casebook Collection
The 2017 Casebook features more than 35 case studies that put the spotlight on successful innovation...

Brownells: Designing for Efficiency and Growth
Brownells’ new Iowa distribution center has taken touches—and miles—out of the order...
Industry celebrates National Manufacturing Day
Fourth annual Manufacturing Day is a grassroots effort by U.S. manufacturers to improve the public...