Voith now owns Elin Moteren
First Quarter 2022
News & events
Since 1 May, 2020 a 70% share of Elin Motoren has been owned by the Voith Group. The other 30% of the company remained with the long-standing managing director, Franz Hrachowitz. At the end of last year, the two parties agreed on the acquisition by Voith of the remaining stake. “For Voith, this is a further step in strengthening our core business and consistently expanding it in the direction of sustainable technologies,” says Dr Toralf Haag, CEO of the Voith Group.
Elin Motoren has a total of about 1000 employees and generates a turnover of about 120 million Euro. The company manufactures electric motors and generators in small series as well as individualised solutions for industrial applications. In this area, the company focuses on electric machines, motors in the low-voltage, medium-voltage and high-voltage range and generators, in particular for wind energy and decentralised energy generation. With its product portfolio, Elin Motoren serves markets in wind energy, plastics, tunnels and mining, oil and gas, plant construction as well as power plants. “Voith Turbo is regarded worldwide as a leading technology-independent supplier of drive systems. Together with Elin Motoren, we have been able to achieve a significant advantage for our customers in the electrification of the drivetrain in recent years. The acquisition is therefore an important milestone and contribution to driving forward decarbonisation and the Voith Group,” he concludes.
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