Oct 22, 2021ACQUISITIONHeidenheim, Germany Voith Group acquires Siemens Energy's 35% stake in Voith Hydro
Voith Group has agreed to acquire Siemens Energy's remaining 35% stake in Voith Hydro, making Voith the sole owner of the hydropower equipment joint venture. The transaction is expected to close near the end of Q1 2022.
Productshydroelectric turbinesgeneratorspumped storage technology
“The transaction is further evidence that we’re consistently aligning our portfolio with our core business.”siemens-energy.com
- 10 sources
- siemens-energy.comSiemens Energy transfers joint venture stake to VoithOct 22, 2021
- voith.comVoith Group strengthens hydropower core business and acquires Siemens Energy’s complete stake in Voith Hydro | VoithOct 22, 2021
- gasprocessingnews.comSiemens transfers joint venture stake to Voith | Gas Processing & LNGOct 22, 2021
- admin.hydrocarbonprocessing.comSiemens transfers joint venture stake to VoithOct 22, 2021
- energyglobal.comVoith to acquire Siemens Energy’s stake in joint venture | Energy GlobalSarah SmithOct 22, 2021
Summarized from public sources; check the original articles before acting on it.
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