German engineering group Voith has completed its acquisition of Austrian electric motor and generator manufacturer ELIN Motoren
Voith Turbo president and chief executive Uwe Knotzer deemed the acquisition an “important strategic step” for his business, adding “the portfolio of [ELIN Motoren] is an outstanding addition to our industrial drive solutions and supports our position as a technology-independent supplier of drive systems".
"With ELIN Motoren, we are able to offer our customers a significant advantage in terms of drivetrain electrification,” he said.
Voith signed a sales agreement with Trasys, the former parent company of ELIN Motoren, in December 2019. ELIN Motoren will remain an active independent business and will continue to use its brand, according to a statement from Voith. Customers of both Voith and ELIN Motoren will continue to have access to the same sales channels.
ELIN Motoren chief executive Wolfgang Landler said both companies are pursuing a “digitalisation strategy for industrial applications”.
“Together we can develop system solutions and especially technologies in digitalisation,” Mr Landler said.
ELIN Motoren generates a turnover of about €120M (US$130M) and manufactures electric motors and generators in small series, as well as individualised solutions for industrial applications. The company focuses on electric motors in low-, medium- and high-voltage ranges and generators, in particular for wind energy and decentralised energy generation. With its product portfolio, the company serves target markets of wind energy, plastics, tunnels and mining, oil and gas, plant construction and power plants.
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