Technology Group Voith is planning to acquire 70% of the shares in the Austrian electric motor manufacturer ELIN Motoren GmbH. A corresponding purchase contract was signed on December 20, 2019. ELIN Motoren GmbH is a global high-tech company in the area of electric motors and generators and provides customized solutions for industrial applications. The closing of the transaction is anticipated to occur at the beginning of the second quarter 2020 and is subject to regulatory approvals and meetin
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