# Voith Group plans to acquire 90% of Toscotec S.p.A.

Voith Group signed a purchase contract to acquire 90% of shares in Toscotec S.p.A., a global supplier of tissue machines for the paper industry based in Lucca, Italy, with around 200 employees and €100 million turnover.

- Type: Acquisition
- Announced: 2019-12-20
- Where: Lucca, Italy
- Jobs: 200
- Status: announced
- Products: tissue machines, paper machines, systems and components for paper industry
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Voith](https://endata.com/companies/217.md) (acquirer)
- [Toscotec](https://endata.com/companies/8989.md) (target)

## Sources

- [paperfirst.info](https://www.paperfirst.info/voith-group-plans-takeover-of-toscotec-s-p-a/), 2019-12-23: "Especially in the tissue range, Toscotec is a highly regarded and established company that strengthens our offering in this important growth area."

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