Voith buys all shares in Voith Hydro

Voith has completed the acquisition of the remaining shares in Voith Hydro from its former partner Siemens Energy. The completion of this transaction makes the Voith Group the sole owner of the Voith Hydro Group Division, previously operated as a joint venture. The two parties have agreed not to disclose the financial details of the transaction. Says Dr Toralf Haag, CEO of the Voith Group: “We are extremely pleased to have completed the acquisition as planned. With this move, we are continuing to pursue our strategy of strengthening the company’s core business in the field of sustainable technologies.”

For further information www.voith.com