# Voith Group completes acquisition of Toscotec

Voith Group successfully completed the acquisition of 90% of Toscotec, a manufacturer of machinery for tissue, paper, and board production. The deal was finalized after obtaining regulatory approvals.

- Type: Acquisition
- Announced: 2020-05-06
- Where: Lucca, Italy
- Status: completed
- Products: tissue paper machinery, paper machinery, board machinery
- 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

- [toscotec.com](https://www.toscotec.com/en/news-article/voith-group-successfully-completes-the-acquisition-of-toscotec), 2020-05-06: "Toscotec's acquisition matches Voith's targets of strategic growth in a perfect way."

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