Voith GmbH & Co. KGaA

Voith GmbH & Co. KGaA Overview

Company Headquarters: Heidenheim, Germany

Founded: 1867

Workforce: ~19,000

Company Working: Voith GmbH & Co. KGaA is a leading company with a broad portfolio of systems, products, services, and digital solutions. It had set standards in the energy, oil & gas, paper, raw materials, transport, and automotive industries. The company also manufactures hydropower turbines, generators, and drive components, which are used in applications such as industrial plants, road and rail vehicles, and waters. It operates through four segments, which are hydro, paper, turbo, and digital ventures. The company offers energy storage system products under its hydro and turbo segments. It provides its advanced products and solutions for end-use industries such as cement, chemicals & petrochemicals, commercial vehicles & automotive, construction, marine, mechanical engineering, mining, oil & gas, thermal power plants, rail vehicles, and steel.

Voith GmbH & Co. KGaA has operations in more than 60 countries, across the globe. Ray Sono AG, Voith Turbo GmbH & Co. KG, Voith Hydro Holding GmbH & Co. KG, Voith Industrial Services AS, and Voith Industrial Services Holding GmbH are some of its subsidiaries

Strategy

Voith’s strategy is based on gaining traction and distinct alignment to megatrends like decarbonization and digitization. Its aim is to realign the company as a sustainable and high-performing group of companies with a clear structured and organized portfolio. The company is focused on expanding its core businesses and continuously working towards seeking new growth opportunities in the areas of sustainability. Voith will focus on further reinforcing its resilience in the operating business and will continue to achieve profitable growth in an economic environment.

Company Snapshot

$4,995.7M

Revenue

19,000

Employees

1867

Founded

Heidenheim, Germany

Headquarters

SWOT Analysis

Strengths

Focus on scale and technology
Strong research and development capabilities
Diverseproduct portfolio
Increasing investments in research and development
Strong R&D strength , complete development process, and test & manufacturing facilities
Broad portfolio of systems, products, services and digital applications

Weaknesses

Declining profit margin due to rising costs
Dependence on Europe
Limited presence in the Middle East & Africa
Low revenue generated from its digital ventures segment
Limited success outside core business segments

Opportunities

Increase in renewable energy projects
Development of innovative storage technologies
Scope for market development in Africa, especially for the its Hydro and Turbo divisions
Strategic acquisitions for enhancing its position in existing markets and tapping into new industries
Expanding the core business
New growth opportunities in the area of sustainable technologies

Threats

Variability in exchange prices for international trading
Fluctuating currency exchange rates
Changes in policies regarding energy and power generation
International trade disputes
Industry and country specific barriers to trade in foreign markets can impact the production costs and the entire value chain

Key Developments

Date	Approach	Development
October 2018	Partnership and Collaboration	Voith Gmbh & Co. KGaA and the Siemens Energy Management Division collaborated for developing hybrid power products. This collaboration helped it integrate its hydropower products into Siemens power simulation system. Additionally, this collaboration also helped the company combine windmill and solar farm with a pumped storage plant, which ensures that the energy generated is immediately and reliably stored.
November 2020	Collaboration	Voith GmbH & Co. KGaA has collaborated and signed a four-year service contract with municipal transport company CTRL, Lorient, France to provide automatic transmissions for bus fleet.

Product Offering

Voith GmbH & Co. KGaA
- Synchronous Condenser
- E-Gear Multispeed Transmission

Financial Performance

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