Nuts & Bolts Acquisitions, expansions & other business news

MHI announces the four finalists chosen as the most innovative products in each category

KION Group achieves high order intake and an increase in revenue in 2022, Significant decline in earnings

Best New Innovation:

• Agility Robotics for Digit a Human-Centric Robot: ProMat Booth S1031

• Berkshire Grey Inc. Project GreyWolfA Berkshire Grey & Locus Robotics Solution: ProMat Booth N6707

• OPEX Corporation for OPEX® Infinity™

AS/RS System: ProMat Booth S2712

• Packsize International Inc. for X5: Booth

S3547

Best Innovation of an Existing Product:

• HAI Robotics U.S.A. Inc. for A42T

Autonomous Case-picking Robot: ProMat Booth N7900

• Vanderlande Industries, Inc. for ADAPTO Shuttle: ProMat Booth S603

• Ideal Warehouse Innovations, Inc. for SLIDE-effect® Dock Bumper: ProMat Booth

S3350

• Geekplus America, Inc. for PopPick: ProMat Booth N7307/N7507

Best IT Innovation:

• Synkrato for Synkrato warehouse digital twin: ProMat Booth N6256

• OneRack for OneRack: ProMat Booth

S2882

• Lucas Systems, Inc. for Lucas Systems Dynamic Work Optimization: ProMat Booth

S3775

• FORTNA for FORTNA OptiSlot DC

Featuring Digital Twin Technology: ProMat Booth S1947 www.promatshow.com

KION GROUP AG finished 2022 with order intake at a high level in a challenging macroeconomic and geopolitical environment. The global intralogistics Group recorded an increase in revenue compared to the previous year, including clearly positive currency effects. Sharply rising costs for materials, energy, and logistics coupled with ongoing supply chain disruptions had a significant impact on both operating segments in the last year, which was reflected in a decline in adjusted EBIT and a clearly negative free cash flow for the Group.

• Order intake of €11.708 billion despite dampening demand (previous year: €12.482 billion)

• Supply chain disruptions coupled with increased costs for materials, energy, and logistics negatively impacted the key financial figures

• Revenue up by 8.2 percent to €11.136 billion (previous year: €10.294 billion)

• Adjusted EBIT of €292.4 million significantly below the previous year’s level (€841.8 million)

• Due to a significant decline in earnings and increased net working capital, the free cash flow of -€715.6 million is significantly below the previous year’s level (€543.8 million)

• Proposed dividend of €0.19 per share at an EPS of €0.75

• Significant improvement in profitability and free cash flow expected for 2023 www.kiongroup.com

Hamilton Caster & Mfg. Co. names new President

Hamilton Caster & Mfg. Co. announced that it has named Mark Lippert as its new President. Hamilton Caster, a 116-year-old manufacturer of heavy-duty industrial casters, wheels, carts, and in-plant trailers, is in its fourth generation of family leadership. Mark succeeds his cousin, David R. Lippert, who retired in December. Mark joined Hamilton Caster in 1995 to lead marketing efforts that have resulted in a brand that has been ranked #1 in brand perception studies for the industrial manufacturing market.

www.hamiltoncaster.com

Felling Trailers names Pessen as SouthCentral Regional Sales Manager

Felling Trailers Inc.has recently named Joe Pessen as a regional sales manager to serve the South-Central territory. He will be responsible for all sales development, activity, and dealer support within Nebraska, Kansas, Oklahoma, Arkansas, Texas, and Louisiana. As the regional manager for the south-central territory, Joe’s primary responsibilities will be to achieve regional market share objectives with the existing dealer base and develop new dealers in the assigned territory, providing training and product support.

www.felling.com

Southworth International Group appoints Dr. Mirka Wilderer to the Board of Directors

SIGI has announced the appointment of Dr. Mirka Wilderer to its board of directors. One of the top female executives in the water industry, Dr. Wilderer earned her doctorate in international business from Germany’s Carl von Ossietzky University of Oldenburg. She started her career at Siemens and has most recently served as the Chief Executive Officer of De Nora Water Technologies.

www.southworthproducts.com

KION North America announces expansion with dealer partner Carson Material Handling

KION North America has announced its territory expansion with dealer partner Carson Material Handling. This expansion includes a new location in Campobello, S.C., and involves the acquisition of J&J Forklift Services. Carson Material Handling is authorized to sell the Linde Material Handling and Baoli brands. For almost 20 years, Carson Material Handling has been a fleet management solutions provider throughout North Carolina and North-Western South Carolina.

www.kion-na.com www.carsonlift.com