15. Goodwill and other intangible assets
in € million |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
Industrial Trucks & Services |
1,503.0 |
1,501.6 |
KION ITS EMEA |
1,386.9 |
1,385.8 |
KION ITS APAC |
116.1 |
115.8 |
Supply Chain Solutions |
1,947.9 |
2,146.6 |
KION SCS |
1,947.9 |
2,146.6 |
Total goodwill |
3,450.9 |
3,648.2 |
The decrease in goodwill was largely due to negative currency effects of €209.5 million in 2025.
The total carrying amount for brand names as at December 31, 2025 was €938.6 million (December 31, 2024: €939.3 million). This figure essentially broke down as follows: €465.0 million (December 31, 2024: €465.0 million) attributable to the Linde brand name and €107.0 million (December 31, 2024: €107.0 million) to the STILL brand name within the KION ITS EMEA Operating Unit and €349.7 million (December 31, 2024: €349.7 million) to the Dematic brand name within the KION SCS Operating Unit.
The annual impairment test of goodwill and brand names with an indefinite useful life carried out as at December 31, 2025 revealed no need to recognize any impairment losses. Further information about this and about the ad hoc impairment test of the goodwill of the KION ITS Americas Operating Unit carried out in 2024 can be found in note [6].
in € million |
Goodwill |
Brand |
Technologies and developments |
Sundry intangible assets |
Total |
|---|---|---|---|---|---|
Balance as at Jan. 1, 2024 |
3,558.0 |
938.9 |
692.6 |
475.4 |
5,665.0 |
Gross carrying amount as at Jan. 1 |
3,558.2 |
945.8 |
1,363.7 |
1,121.7 |
6,989.4 |
Accumulated depreciation as at Jan. 1 |
–0.1 |
–6.9 |
–671.1 |
–646.3 |
–1,324.4 |
|
|
|
|
|
|
Group changes |
13.1 |
– |
– |
27.6 |
40.7 |
Currency translation adjustments |
99.5 |
0.4 |
24.0 |
19.7 |
143.6 |
Additions |
– |
– |
133.2 |
55.3 |
188.5 |
Disposals |
– |
– |
–0.7 |
–0.1 |
–0.8 |
Amortization |
– |
– |
–116.2 |
–77.1 |
–193.2 |
Impairment |
–22.4 |
– |
–6.5 |
– |
–28.9 |
|
|
|
|
|
|
Balance as at Dec. 31, 2024 |
3,648.2 |
939.3 |
726.5 |
500.9 |
5,814.9 |
Gross carrying amount as at Dec. 31 |
3,671.5 |
946.3 |
1,493.8 |
1,201.2 |
7,312.8 |
Accumulated amortization as at Dec. 31 |
–23.3 |
–7.1 |
–767.3 |
–700.3 |
–1,498.0 |
|
|
|
|
|
|
Balance as at Jan. 1, 2025 |
3,648.2 |
939.3 |
726.5 |
500.9 |
5,814.9 |
Group changes |
12.3 |
– |
0.1 |
9.2 |
21.5 |
Currency translation adjustments |
–209.5 |
–0.7 |
–49.6 |
–35.6 |
–295.4 |
Additions |
– |
– |
123.5 |
47.5 |
170.9 |
Disposals |
– |
– |
–18.9 |
–0.5 |
–19.4 |
Amortization |
– |
– |
–123.3 |
–78.0 |
–201.2 |
Impairment |
– |
– |
–17.8 |
–0.1 |
–17.9 |
|
|
|
|
|
|
Balance as at Dec. 31, 2025 |
3,450.9 |
938.6 |
640.4 |
443.4 |
5,473.3 |
Gross carrying amount as at Dec. 31 |
3,471.5 |
945.2 |
1,472.6 |
1,167.5 |
7,056.8 |
Accumulated amortization as at Dec. 31 |
–20.6 |
–6.7 |
–832.2 |
–724.0 |
–1,583.5 |
The additions recognized for technologies and developments related entirely to capitalized development costs in both 2025 and 2024. The additions to sundry intangible assets included additions of €36.0 million in connection with internally generated software (December 31, 2024: €30.1 million).
Of the impairment losses recognized for technologies and developments, €12.3 million related to capitalized development costs for product technologies that are no longer used in the Supply Chain Solutions segment (see note [10]).
Sundry intangible assets relate in particular to customer relationships amounting to €293.9 million (December 31, 2024: €369.8 million).