# Wikov Industry acquires Litostroj, a leading hydro turbine manufacturer

Czech engineering group Wikov Industry has agreed to acquire Litostroj, a leading global manufacturer of turbines for hydroelectric power plants, including its subsidiaries in the Czech Republic, Slovenia, Canada, and the United States. The transaction is expected to close at the turn of November and December 2024.

- Type: Acquisition
- Announced: 2024-10-24
- Where: Czechia
- Status: announced
- Products: hydro turbines, valves, pumps
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Wikov Industry](https://endata.com/companies/80630.md) (acquirer)
- [Litostroj](https://endata.com/companies/80631.md) (target)
- [DK Holding Investments](https://endata.com/companies/80632.md) (partner)

## Sources

- [e15.cz](https://www.e15.cz/byznys/prumysl-a-energetika/strojirensky-wikov-koupil-predniho-svetoveho-vyrobce-turbin-pro-vodni-elektrarny-1419564), 2024-10-24: "Strojírenská skupina Wikov Industry podnikatele Martina Wichterleho se dohodla na koupi předního světového výrobce turbín pro vodní elektrárny Litostroj včetně dceřiných firem v zahraničí."

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