A new house for IGW rail
7 July, 2022
We are happy to announce that an agreement was signed between the Voith Group and BMT to acquire IGW Rail. Together we would become one of the world’s largest independent manufacturers of rail vehicle gear units and transmissions. A corresponding purchase agreement was signed on July 6, 2022.
“As Voith also supplies a wide range of components for the rail vehicle markets, IGW perfectly complements the Voith portfolio. Sustainable drive solutions have been part of the DNA of both companies for decades. Together, we aim to push the worldwide development of innovative gear unit system solutions for all rail vehicle manufacturers,” says Cornelius Weizmann, member of the Voith Corporate Board of Management and President and CEO of Voith Turbo.
Both IGW Rail and Voith expect the acquisition to offer them even greater customer proximity. In the last 25 years alone, IGW Rail has delivered more than 100,000 gear units and couplings worldwide. “These components, that are well established on the market, need to be regularly overhauled and supplied with spare parts,” says Rudy Thoma, CEO of IGW Rail. He is looking forward to the fact that “in the future, we will be able to provide even better customer service thanks to Voith’s 24/7 service solutions.”
The deal is expected to be completed by the end of the third quarter 2022, subject to the receipt of all regulatory approvals and compliance with other customary closing conditions. Both parties agreed not to disclose the purchase price.
About the Voith Group
The Voith Group is a global technology company. With its broad portfolio of plants, products, services, and digital applications, Voith sets standards in the markets for energy, paper, raw materials, and transport & automotive. Founded in 1867, Voith today has around 20,000 employees and earns €4.3 billion in sales. It has locations in more than 60 countries and is one of Europe's major family-owned companies.
Voith Turbo, a Group Division of Voith, is a specialist for intelligent drive technology, systems and customized services. Voith offers the highest level of efficiency and reliability with its innovative and smart products. Customers from highly diverse industries such as oil and gas, energy, mining and mechanical engineering, ship technology, rail and commercial vehicles rely on Voith’s advanced technologies and digital solutions.