Weichai Power and KION Group Successfully Close Transaction to Form Long-term Strategic Partnership

Weichai Power and KION Group Successfully Close Transaction to Form Long-term Strategic Partnership PR Newswire WEIFANG, China, Dec. 28, 2012 WEIFANG, China, Dec. 28, 2012 /PRNewswire/ -- Weichai Power has joined KKR and Goldman Sachs Capital Partners as an anchor investor in KION with a 25% stake via capital increase EUR 671 million shareholder loan of KION converted into equity Weichai Power now the majority shareholder of Linde Hydraulics Linde Material Handling GmbH completes carve-out of Linde Hydraulics business and all 1,400 LHY employees agree to transfer to the new entity Aschaffenburg-based Linde Hydraulics business to move into new dedicated plant in 2015 Supervisory board of KION to reflect new shareholder structure With sound organization structure, Linde Hydraulics can operate independently Weichai Power Co., Ltd. ("Weichai Power"), KION Holding 1 GmbH ("KION") and their respective subsidiaries (together with KION the "KION Group") and the shareholders of KION today successfully closed and supplemented their strategic partnership, which was first announced on 31 August 2012.