Voith becomes a partnership limited by shares (KGaA)
Shareholders’ meeting passes resolution on change in legal form
Heidenheim. Today, July 4, 2017, the shareholders’ meeting of Voith GmbH passed a resolution to transform Voith GmbH into a partnership limited by shares (Kommanditgesellschaft auf Aktien). By doing so, the Voith shareholders are following a recommendation made by the Shareholders’ Committee and the Corporate Board of Management in April. Voith Management GmbH, a newly-founded entity, will assume the role of the general partner of the partnership limited by shares.
The change in legal form will not affect in any way our relationship to customers and business partners or the Company’s employees, nor will there be any impact from the transformation on the composition of Supervisory Board. Also the composition of the Corporate Board of Management will remain unchanged.
The change in legal form will become effective upon entry in the commercial register, which the Company anticipates happening over the coming weeks.
For 150 years, Voith’s technologies have been inspiring customers, business partners and employees worldwide. 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.
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