Elin, whose history dates back to 1892, has around 1,000 employees and generates a turnover of about €120m. The company manufactures low-, medium- and high-voltage electric motors and generators in small series, as well as customised systems for industrial applications. Its target markets include wind energy, plastics, mining, oil and gas, and power plants.
“The acquisition of Elin Motoren is an important strategic step for Voith,” says Voith Turbo’s president and CEO, Dr Uwe Knotzer. “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 is pursuing a digitalisation strategy for industrial applications, as is Elin Motoren,” adds Elin’s CEO, Wolfgang Landler. “The future cooperation between the two companies will allow us to offer significant added value. Together we can develop system solutions and especially technologies in digitalisation.”
Family-owned Voith, founded in 1867, has more than 19,000 employees, sales of €4.3bn and locations in more than 60 countries.