JLR supplier Voith strengthens position with new acquisition
WARWICK-based automotive supplier Voith Industrial Services has strengthened its position in the sector with the acquisition of Coventry’s ThyssenKrupp Services in an undisclosed deal.
The acquisition will create a business with a combined workforce of more than 2,000 employees at 35 locations.
Paul Nicholson, managing director, Voith Industrial Services, said: “Strategically this is an important acquisition as it will provide us with a combined organisation which will raise considerably our profile as a leading provider of technical services in the automotive industry.
“Our customer base will be significantly strengthened creating future growth opportunities as we strive towards our goal as the preferred supplier of industrial services to the UK automotive industry.”
Voith has a broad range of automotive customers including General Motors, Getrag Ford Transmissions, Jaguar Land Rover, BP Castrol, and Case New Holland.
The company has increased its sales turnover significantly over the past three years. It provides services in four main areas – facility management, technical cleaning, wheel and tyre assembly, and managed processes.
ThyssenKrupp Services’ business in the UK includes providing cleaning and technical services to JLR at its manufacturing operations in Solihull, Castle Bromwich, and Halewood.
Other major customers include BMW and Ford along with several other automotive and non-automotive customers. ThyssenKrupp Services Ltd. was the last remaining industrial services business within ThyssenKrupp group after the sale of ThyssenKrupp Industrieservice, Safway and Xervon in 2009 and 2011.
Voith Industrial Services, a subsidiary of the German-based Voith Group, has generated £1.1bn in sales and employs 19,000 people.
Voith also supplies into the energy, oil and gas, paper, raw materials, and transportation sectors. Founded in 1867, Voith employs more than 42,000 people, generates £4.7bn (€5.7bn) in sales, operates in about 50 countries around the world and is one of the biggest family-owned businesses in Europe.
