July 12, 2014 10:00 AM ET

Machinery

Company Overview of Voith GmbH

Company Overview

Voith GmbH, an engineering company, provides plants, products, and industrial services for energy, oil and gas, paper, raw materials, and transportation and automotive markets. It operates in four segments: Voith Hydro, Voith Industrial Services, Voith Paper, and Voith Turbo. The Voith Hydro segment manufactures and supplies hydro power components, including Francis, Pelton, Kaplan, bulb, and pump turbines; and generators and generator drive units, excitation and diagnostic systems, frequency convertors, insulation systems, and switching systems for various voltages and transformers. The Voith Industrial Services segment offers technical, consulting, and management services in industrial con...

Sankt Pöltener Strasse 43

Heidenheim an der Brenz,  89522

Germany

Founded in 1825

42,613 Employees

Phone:

49 7321 37 0

Fax:

49 7321 37 7000

Key Executives for Voith GmbH

Chief Executive Officer
Age: 63
Chief Financial Officer and Member of the Corporate Board of Management
Age: 59
Member of the Corporate Board of Management
Age: 47
Technical Director
Member of the Corporate Board of Management
Age: 53
Compensation as of Fiscal Year 2014.

Voith GmbH Key Developments

Voith Group Reports Group Sales Results for the First Half Year Ended March 2014

Voith Group reported group sales results for the first half year ended March 2014. As of the end of March, the group sales were slightly down by 4% in comparison to the same period of the previous year to EUR 2.60 billion compared to EUR 2.72 billion a year ago. This development was essentially due to negative currency effects, which are currently also impacting other companies, totaling around EUR 120 million at Voith. Adjusted for this non-recurring negative effect, group sales were up slightly on the previous year.

Voith Wins Contract to Modernize Three Hydropower Generators in Canada

Voith GmbH has won a services contract for the modernization of three hydropower generators at the Kettle Generating Station in the province of Manitoba, Canada. The scope of supply for Voith Hydro includes the replacement of stator frames, new cores and windings as well as pole re-insulation and the installation of new coolers. Once the project is completed, each of the refurbished units will be rated at 120 MVA. The Kettle Generating Station is owned by Manitoba Hydro and, with a total of twelve units and an installed capacity of presently 1,220 MW, is the second-largest hydropower plant in the Canadian province of Manitoba. The facility was commissioned in the early 1970's and, after many years of reliable service, will now undergo gradual rehabilitation to continue production of renewable energy for further decades.

Voith GmbH to Report Q2, 2014 Results on May 28, 2014

Voith GmbH announced that they will report Q2, 2014 results on May 28, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 29, 2013
Stadler Netherlands B.V.
Merger/Acquisition
October 30, 2013
Voith Paper Fabrics, S.A.
 

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