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
Capturing Labor, Space, and Accuracy Returns with AS/RS
Find out how the demand of e-commerce and digital age expectations are driving the need to automate material handling with AS/RS solutions to improve labor productivity, save space, and reduce costs associated with inaccurate picks
Download Today!
From the November 2017 Modern Materials Handling Issue
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for the fourth time in 20 years and shorten order delivery time from 10 days to three.
10th Annual Salary Survey: The Price of Performance
Let’s put Automatic Data Capture (ADC) Technology to Work
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the DC Voice Market
A lot has changed in the last 10 years, especially in voice technology. This webinar will cover the state of the voice market, review two leading voice solutions and help you gain a better understanding of the options and capabilities available today.
Register Today!
EDITORS' PICKS
Lodge Manufacturing: Distribution Cast in Iron
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for...
Rochester Drug Cooperative: Robots ready for work
It’s still early stages, but Rochester Drug Cooperative is proving that mobile robotic piece...

System Report: Pouch sorter powers Stage’s fulfillment needs
How a hometown department store chain transformed its e-fulfillment processes with pouch sortation...
Cubing and Weighing Equipment: Measure Up
The use of cubing and weighing equipment is growing beyond dimensional weight applications.