Voith has taken over ELIN Motoren Photo: Voith
Voith has successfully completed the acquisition of ELIN Motoren GmbH, the Austria-headquartered company specialising in electric motors and generators.
Voith and Trasys, the former parent company of ELIN Motoren, signed a sales agreement for ELIN Motoren on 20 December, 2019 and the deal completed on 30 April 2020. ELIN Motoren will remain an independent business and will continue to use the ELIN Motoren brand.
“The acquisition of ELIN Motoren is an important strategic step for Voith,” said Dr Uwe Knotzer, president and chief executive of Voith Turbo. “The portfolio of the company is an outstanding addition to our industrial drive solutions and supports our position as a technology-independent supplier of drive systems,” he added.
ELIN Motoren has around 1,000 employees and generates a turnover of aproximately €120 million. The company manufactures electric motors and generators in small series, as well as bespoke solutions for industrial applications. In this area, the company focuses on electric machines, motors and generators, in particular for wind energy and decentralised energy generation. Its target markets are wind energy, plastics, tunnels and mining, oil and gas, plant construction, as well as power plants.
“As a globally established expert with many years of experience in the drive technology sector, Voith is pursuing a digitalisation strategy for industrial applications, as is ELIN Motoren,” commented Wolfgang Landler, chief executive of ELIN Motoren.