Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Jungheinrich AG is a German manufacturer of material handling and warehouse equipment.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedForklift manufacturer Jungheinrich is preparing to exit the Russian market. The company announced that its board has decided to start negotiations with three Russian financial investors regarding the sale of its Russian subsidiary Jungheinrich Lift Truck OOO. “The sale of the assets will mean the termination of Jungheinrich’s activities in Russia,” the company said. Jungheinrich AG signed an agreement on the sale of its wholly owned subsidiary Jungheinrich Lift Truck OOO to a Russian financial investor and asset manager. Due to the requirements of the Russian Government Commission on the Control of Foreign Investments, the necessary approval of the Government Commission for the transaction requires that the sale price is a maximum of 40 per cent of the market value of the affected Russian company as determined by a Russian valuation expert. Within this regulatory framework, the agreed sale price for Jungheinrich’s Russian subsidiary is therefore significantly below the book value of the participation as of 31 December 2024. The completion of the sale remains subject to customary closing conditions, in particular the approval by the Government Commission, and is currently expected to occur in the fourth quarter of 2025.
Keep Russia office; stop exports to Russia. Revenue increased in 2024 vs 2023 by more than +30%. The forklift manufacturer Jungheinrich is preparing to withdraw from the Russian market. The company announced that its management board has decided to enter negotiations with three Russian financial investors regarding the sale of its Russian subsidiary, Jungheinrich Lift Truck LLC. "The divestment would mean the termination of Jungheinrich's business activities in Russia," the company stated. Jungheinrich has successfully completed the sale of its Russian subsidiary Jungheinrich Lift Truck OOO to a Russian financial investor and asset manager. The company had already announced the signing of the agreement in its ad hoc announcement on July 21, 2025. With the completion of the sale, Jungheinrich is ending its activities in Russia. Forklift manufacturer Jungheinrich reported a sharp drop in profit for the past financial year, weighed down by the sale of its Russian subsidiary. Earnings before interest and taxes (EBIT) in 2025 fell to 228 million euros compared to 434 million euros in the previous year, the MDax-listed company said on Friday. Management attributed the drop to the sale of the Russian unit and costs related to the transformation program.