Announced
Completed
Financials
Tags
Friendly
Private
electric motors
Majority
Italy
Germany
Auto Parts
Acquisition
Single Bidder
Completed
Cross Border
Synopsis
Voith Group, a global technology company, completed the acquisition of ELIN Motoren, a manufacturer of electric motors and generators, and Toscotec, a manufacturer of tissue paper machines. Financial terms were not disclosed. "The portfolio of ELIN Motoren is an outstanding addition to the existing industrial-drive solutions. It strengthens the position of Voith as a technology-independent supplier of electrical and mechanical drive systems," Voith.
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