# 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.

- Type: Acquisition
- Announced: 2021-10-22
- Where: Heidenheim, Germany
- Status: announced
- Products: hydroelectric turbines, generators, pumped storage technology
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)
- [Voith](https://endata.com/companies/217.md) (acquirer)
- [Siemens Energy](https://endata.com/companies/6803.md) (target)
- [Voith Hydro](https://endata.com/companies/10534.md) (target)

## Sources

- [siemens-energy.com](https://www.siemens-energy.com/us/en/home/press-releases/siemens-energy-transfers-joint-venture-stake-to-voith.html), 2021-10-22: "The transaction is further evidence that we’re consistently aligning our portfolio with our core business."
- [voith.com](https://www.voith.com/corp-en/news-room/press-releases/voith-acquires-stake-from-siemens.html), 2021-10-22: "After a number of strategic acquisitions in our Paper and Turbo Group Divisions, we are pleased that with complete ownership of Voith Hydro, we will be able to drive the expansion of hydropower even further in the future."
- [gasprocessingnews.com](https://www.gasprocessingnews.com/news/2021/10/siemens-transfers-joint-venture-stake-to-voith/), 2021-10-22: "The transaction is further evidence that we’re consistently aligning our portfolio with our core business."
- [admin.hydrocarbonprocessing.com](https://admin.hydrocarbonprocessing.com/news/2021/10/siemens-transfers-joint-venture-stake-to-voith/), 2021-10-22: "The transaction is further evidence that we’re consistently aligning our portfolio with our core business."
- [energyglobal.com](https://www.energyglobal.com/other-renewables/22102021/voith-to-acquire-siemens-energys-stake-in-joint-venture/), 2021-10-22: "The transaction is further evidence that we’re consistently aligning our portfolio with our core business."
- [pumpsandsystems.com](https://www.pumpsandsystems.com/voith-group-acquires-siemens-complete-stake-voith-hydro/), 2021-10-22: "After a number of strategic acquisitions in our Paper and Turbo Group Divisions, we are pleased that with complete ownership of Voith Hydro, we will be able to drive the expansion of hydropower even further in the future."
- [waterpowermagazine.com](https://www.waterpowermagazine.com/news/voith-to-acquire-siemens-stake-in-voith-hydro-9177680/), 2021-10-22: "The hydropower business has been a main pillar of Voith Group for more than 140 years."
- [powermag.com](https://www.powermag.com/siemens-energy-pulls-out-of-global-hydropower-joint-venture/), 2021-10-28: "The transaction is further evidence that we’re consistently aligning our portfolio with our core business."
- [globalpapermoney.com](https://www.globalpapermoney.com/voith-group-acquires-siemens-complete-stake-in-voith-hydro-cms-14272), 2021-11-02: "The technology group and the long-term partner Siemens Energy came to a mutual agreement on a buy-out of the remaining 35 percent stake in the former Voith Siemens Hydro Power Generation GmbH & Co. KG."
- [business-news-today.com](https://business-news-today.com/voith-to-buy-out-siemens-energys-35-stake-in-voith-hydro-jv/), 2021-11-14: "After a number of strategic acquisitions in our Paper and Turbo Group Divisions, we are pleased that with complete ownership of Voith Hydro, we will be able to drive the expansion of hydropower even further in the future."

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