Voith Completes ELIN Motoren Acquisition
By DJ Slater30 April 2020
Voith has completed its acquisition of ELIN Motoren, the Austrian electric motor and generator manufacturer.
“The acquisition of ELIN Motoren is an important strategic step for Voith,” said Dr. Uwe Knotzer, president and CEO 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. With ELIN Motoren, we are able to offer our customers a significant advantage in terms of drivetrain electrification.”
Voith and Trasys, the former parent company of ELIN Motoren, signed a sales agreement for ELIN Motoren on Dec. 20, 2019. ELIN Motoren will remain independent as a business and will continue to be active using the established ELIN Motoren brand. As a result, customers of Voith and ELIN Motoren will continue to have access to the same sales channels.