Acquisition of Remaining Shares in Voith Hydro Completed

03.03.2022 -

On March 1, 2022, following receipt of all the necessary official approvals, Voith successfully completed the acquisition of the remaining shares in Voith Hydro from its former joint venture partner Siemens Energy. On October 21, 2021, the technology group and its longstanding partner Siemens Energy reached an agreement on Voith taking over the remaining 35 percent stake in the former Voith Siemens Hydro Power Generation GmbH & Co. KG.

Voith Group Strengthens Hydropower Core Business

27.10.2021 -

In the future, Voith Group will be the sole owner of the Voith Hydro Group Division, which previously was operated as a joint venture with Siemens Energy. The technology group and the long-term partner Siemens Energy came to a mutual agreement on a buy-out of the remaining 35 percent stake in the former Voith Siemens Hydro Power Generation GmbH & Co. KG.

Voith Among the Top 3 in Sustainability According to ISS ESG

13.09.2021 -

Voith was awarded a B- rating for the first time by the independent rating agency ISS ESG and, together with SKF Group and Johnson Controls, is one of the three best companies within the plant and mechanical engineering sector worldwide. This was the first time since 2016 that the rating was improved from C+ to B-.