- Expansion of Voith’s portfolio and strengthening of its position as a global supplier of rail vehicle components
- Full integration of IGW Rail in the Voith Turbo Group Division
HEIDENHEIM, GERMANY/ BRNO, CZECH REPUBLIC. After receiving all the official approvals, Voith successfully completed the acquisition of IGW Rail on October 4, 2022. IGW Rail, which is based in Brno (Czech Republic), is a globally operating high-tech company that has specialized in customized gear unit and coupling solutions for the rail vehicle industry. Its product range is applied in all types of rail vehicles, from heavy locomotives to light rail and high-speed trains.
Voith and the previous owner, the Belgian BMT Group, had signed a corresponding purchase agreement on July 6, 2022. In a subsequent integration phase, Voith will fully integrate IGW Rail within the Turbo Group Division. In this process, the customers and suppliers of both companies will be continuously informed about the individual integration steps and the associated changes.
“We are very pleased to have been able to complete the acquisition as planned. With IGW Rail’s product and service portfolio, we are further expanding our offering and strengthening our position as a global supplier of rail vehicle components. The exchange of ideas and visions as well as the bundling of resources will enable an even closer customer proximity,” said Cornelius Weitzmann, President & CEO of Voith Turbo.