# Voith Group plans to acquire 70% of ELIN Motoren

Voith Group signed a purchase contract on December 20, 2019 to acquire 70% of shares in Austrian electric motor manufacturer ELIN Motoren GmbH. The transaction is expected to close in Q2 2020.

- Type: Acquisition
- Announced: 2019-12-23
- Where: Weiz, Austria
- Status: announced
- Products: electric motors, generators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Voith](https://endata.com/companies/217.md) (acquirer)
- [ELIN Motoren](https://endata.com/companies/44117.md) (target)

## Sources

- [voith.com](https://www.voith.com/corp-en/news-room/press-releases/topcat.html), 2019-12-23: "Voith Group is planning to acquire 70% of the shares in the Austrian electric motor manufacturer ELIN Motoren GmbH."
- [im-mining.com](https://im-mining.com/category/mining-mergers-and-acquisitions/page/35/), 2019-12-23: "Voith says it is planning to acquire 70% of the shares of ELIN Motoren GmbH."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.