# Voith Group to acquire majority of ELIN Motoren

Voith Group plans to acquire majority ownership of Austrian electric motor and generator manufacturer ELIN Motoren GmbH. The transaction is expected to close in Q2 2020, pending regulatory approvals; the purchase price was not disclosed.

- Type: Acquisition
- Announced: 2020-03-12
- Where: Weiz, Austria
- Status: announced
- Products: electric motors, generators, permanent magnet machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [magneticsmag.com](https://magneticsmag.com/elin-motoren-to-become-part-of-voith-group/), 2020-03-12: "The portfolio of ELIN Motoren is an excellent addition to our industrial drive solutions and supports our position as a technology-independent supplier of drive systems."

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