[17] Goodwill and other intangible assets

Goodwill is broken down by Operating Unit as follows:

Goodwill broken down by Operating Unit

in € million

Dec. 31, 2020

Dec. 31, 2019

Industrial Trucks & Services

1,495.5

1,502.9

LMH EMEA

817.4

818.5

STILL EMEA

548.4

549.0

KION Americas

19.9

21.8

KION APAC

109.9

113.6

Supply Chain Solutions

1,912.2

1,972.9

Dematic

1,912.2

1,972.9

Total goodwill

3,407.6

3,475.8

The change in goodwill in 2020 was mainly due to the acquisition of the software company DAI, which resulted in goodwill of €71.8 million being recognized based on the provisional purchase price allocation. Exchange-rate effects, conversely, caused a €140.0 million decrease in goodwill in the reporting period.

As at December 31, 2020, the main KION Group brand names were assigned to the Operating Unit LMH EMEA in an amount of €466.2 million (2019: €466.3 million), to the Operating Unit STILL EMEA in an amount of €110.2 million (2019: €110.4 million), to the Operating Unit KION APAC in an amount of €7.6 million (2019: €7.8 million), and to the Operating Unit Dematic in an amount of €350.0 million (2019: €350.2 million).

Neither the qualitative and quantitative analyses carried out during the year in the wake of the coronavirus pandemic nor the annual impairment test of goodwill and brand names with an indefinite useful life carried out in the fourth quarter of 2020 revealed any need to recognize impairment losses as at the reporting date (see also the information provided in note [7]).

Intangible assets

in € million

Goodwill

Brand names

Technologies and developments

Sundry intangible assets

Total

Balance as at Jan. 1, 2019

3,424.8

944.3

689.7

662.9

5,721.6

Group changes

0.0

0.0

Currency translation adjustments

51.0

0.0

9.9

14.5

75.4

Additions

81.9

26.7

108.6

Disposals

0.0

–9.6

–9.6

Amortization

–0.2

–82.1

–75.5

–157.9

Impairment

–4.2

–1.5

–5.7

 

 

 

 

 

 

Balance as at Dec. 31, 2019

3,475.8

939.8

697.9

619.0

5,732.5

Gross carrying amount as at Dec. 31, 2019

3,475.8

946.4

1,042.6

999.9

6,464.8

Accumulated amortization

–6.6

–344.7

–381.0

–732.3

 

 

 

 

 

 

Balance as at Jan. 1, 2020

3,475.8

939.8

697.9

619.0

5,732.5

Group changes

71.8

11.7

28.1

111.6

Currency translation adjustments

–140.0

–0.4

–28.2

–43.1

–211.7

Additions

78.5

27.5

106.0

Disposals

–0.8

0.0

–0.8

Amortization

–0.2

–97.1

–75.1

–172.5

Impairment

–5.4

–5.4

 

 

 

 

 

 

Balance as at Dec. 31, 2020

3,407.6

939.1

656.5

556.3

5,559.6

Gross carrying amount as at Dec. 31, 2020

3,407.6

945.7

1,063.9

983.8

6,401.0

Accumulated amortization

–6.6

–407.3

–427.5

–841.4

The total carrying amount for technology and development assets as at December 31, 2020 was €656.5 million (December 31, 2019: €697.9 million). Development costs of €78.5 million were capitalized in the reporting year (2019: €81.9 million).

Sundry intangible assets relate in particular to customer relationships amounting to €476.9 million (December 31, 2019: €541.3 million).