Voith generates just under EUR 1.2 billion from KUKA transaction
- Cash inflow intended for further development of the Voith portfolio
- KUKA transaction now brought to a successful conclusion by Voith
Voith can now push ahead faster with the transformation of its business, pursuant to its digital agenda. The intention is to invest the additional funds in the further development of its portfolio: "We can now flexibly invest the resources which have so far been tied up in KUKA to promote organic growth and also to make attractive acquisitions," says Dr. Hubert Lienhard, President and CEO Voith GmbH.
As an established technological leader with extensive domain knowledge and a wide range of existing systems and products in the markets, Voith believes that digital business models with its customers can offer significant potential for growth.
For 150 years, Voith’s technologies have been inspiring customers, business partners and employees around the world. Founded in 1867, Voith today has around 19,000 employees, sales of €4.3 billion and locations in more than 60 countries worldwide and is thus one of the largest family-owned companies in Europe. Being a technology leader, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive.
Lars A. Rosumek
Voith GmbH & Co. KGaA
Senior Vice President Group Communication
89522 Heidenheim Germany
t +49 7321 37-3879
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