Voith has completed its acquisition of Elin Motoren GmbH, the Austrian electric motor and generator manufacturer.
Elin Motoren, which employs around 1000 people and has a turnover of about €120 million, makes electric motors and generators in small series, as well as customised solutions for industrial applications. Markets served include wind energy, plastics, tunnels and mining, oil and gas, plant construction and power plants.
Under Voith ownership, Elin Motoren will remain an independent business and will continue to operate under its established brand.
“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.”