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February 13, 2016 5:30 PM ET

Machinery

Company Overview of Voith GmbH

Company Overview

Voith GmbH, a technology group, provides systems, products, and industrial services for energy, oil and gas, paper, raw materials, and transportation and automotive markets. It operates through Voith Hydro, Voith Paper, and Voith Turbo segments. The Voith Hydro segment manufactures and supplies hydro power components, including Francis, Pelton, Kaplan, bulb, and pump turbines; and generators, pumps, electrical and mechanical power plant equipment, and automation systems, such as measuring, control, and command systems, as well as services, including spare parts deliveries and maintenance work. The Voith Paper segment provides technologies and products for the paper manufacturing process from...

St. Pöltener street 43

Heidenheim an der Brenz,  89522

Germany

Founded in 1867

37,476 Employees

Phone:

49 7321 37 0

Fax:

49 7321 37 7000

Key Executives for Voith GmbH

Chief Executive Officer, President and Member of the Corporate Board of Management
Age: 64
Chief Financial Officer and Member of the Corporate Board of Management
Age: 60
Deputy Chairman of the Supervisory Board, Head of Secretariat of the Corporate Works Council and Member of Audit Committee
Technical Director
Member of the Corporate Board of Management
Age: 54
Compensation as of Fiscal Year 2015.

Voith GmbH Key Developments

Voith GmbH Announces Earnings Results for Fiscal Year Ended September 30, 2015

Voith GmbH announced earnings results for fiscal year ended September 30, 2015. The Group achieved a significant improvement in its operative earnings and reported a plus of 15% in profit from its continuing operations up to EUR 270 million, thereby exceeding its annual targets. Voith also increased the sales of its continuing operations by 3% to EUR 4.30 billion compared to EUR 4.17 billion. The Group's return on capital employed rose by 1.8% to 12.2%.

Voith Reportedly Attracts Private Equity Interest For Services Unit

The industrial services business of Voith GmbH has attracted the interest of private equity in a potential €350 million deal, two people familiar with the matter said. Deutsche Beteiligungs AG (DB:DBAN) (DBAG), Triton, Sun Capital Partners, Inc. and Rhone Capital, L.L.C. are expected to hand in final bids before Christmas for the company that employs 18,000 staff in maintenance and assembly services for the auto, energy and chemicals industries, they said. Voith and DBAG, Triton and Sun Capital declined to comment and Rhone Capital was not immediately available for comment, reported Reuters.

Voith Signs Strategic Partnership Agreement with Shandong Huatai Paper Co., Ltd

Voith has signed a strategic partnership agreement with Shandong Huatai Paper Co. Ltd. Under the framework agreement, Huatai Paper and Voith will strengthen their cooperation in a number of areas in the next five years, including the upgrade of existing production lines, the expansion of R&D activities, and the implementation of Industrie 4.0, which will be supported by a total investment of RMB 840 million from Huatai (approx. EUR 120 million). The five-year partnership with Voith will involve improvement of five newsprint production lines and an increased capacity for the production of graphic paper and packaging paper, as well as the establishment of a joint R&D center focused on papermaking.

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