# Voith acquires remaining 30% stake in ELIN Motoren

Voith Group has acquired the remaining 30% stake in ELIN Motoren GmbH, making it the sole owner. ELIN Motoren manufactures electric motors and generators and will continue under its established brand.

- Type: Acquisition
- Announced: 2022-01-25
- Where: Austria
- Status: announced
- Products: electric motors, generators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [voith.com](https://www.voith.com/corp-en/2022-01-25-vz-voith-becomes-sole-owner-of-elin-motoren.html), 2022-01-25: "For Voith, this is a further step in strengthening our core business and consistently expanding it in the direction of sustainable technologies."
- [top-news.at](https://www.top-news.at/2022/01/25/voith-wird-alleiniger-anteilseigner-von-elin-motoren/), 2022-01-25: "Für Voith ist dies ein weiterer Schritt, unser Kerngeschäft zu stärken und in Richtung nachhaltiger Technologien konsequent auszubauen."
- [smartwatermagazine.com](https://smartwatermagazine.com/news/voith/voith-successfully-completes-acquisition-all-shares-voith-hydro), 2022-03-03: "We are extremely pleased to have completed the acquisition as planned."

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