MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Voith GmbH
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Voith Group Successfully Completes the Acquisition of Toscotec S.p.A - After all required regulatory approvals were received, Voith Group successfully completed on the acquisition of Toscotec S.p.A. on April 30, 2020 - Toscotec.com / Voith.com
Voith Group Successfully Completes the Acquisition of Toscotec S.p.A

 

NewswireToday - /newswire/ - Heidenheim, Baden-Württemberg, Germany, 2020/05/06 - After all required regulatory approvals were received, Voith Group successfully completed on the acquisition of Toscotec S.p.A. on April 30, 2020 - Toscotec.com / Voith.com. FSE: VO2A

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery / Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Andreas Endters, President and CEO of Voith Paper, says: “Toscotec’s acquisition matches Voith’s targets of strategic growth in a perfect way. Toscotec’s range of products and services effectively supports our portfolio and further strengthens our position as a full-line supplier in important areas of the paper industry.”

Toscotec will continue to offer its portfolio as established. The company will remain entrepreneurial in nature and will operate under the established Toscotec brand. In the area of tissue, Toscotec will carry out the business with new lines and major rebuilds for the whole Voith Group in the future. Voith Paper will continue to serve its delivered tissue machines. All other business activities will remain unaffected, and Voith and Toscotec customers will be able to purchase via their existing sales channels as usual.

Alessandro Mennucci, CEO of Toscotec, says: “This acquisition is a landmark in the history of our company. By joining forces with Voith, we plan to pursue new ambitious goals. We will build on our expertise and strong reference base in the paper industry and will be able to offer added value to our customers.”

Established in 1948, Toscotec (toscotec.com) specializes in the design and manufacture of machinery and equipment for the production of tissue, paper, and board. Headquartered in Lucca, Italy, and with subsidiaries in China and the USA, Toscotec provides its customers with state-of-the-art technologies and customized solutions from complete production lines to rebuilds and single components. Technology Group Voith acquired 90 percent of the shares.

About the Voith Group

The Voith Group (voith.com) is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, the company today has more than 19,000 employees, sales of € 4.3 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

About Voith Paper

The Group Division Voith Paper is part of the Voith Group. As the full-line supplier to the paper industry, it provides the largest range of technologies, services, components and products on the market and offers paper manufacturers solutions from one single source. The company’s continuous stream of innovations takes papermaking to the next level and facilitates resource-conserving production. With its Servolution concept, Voith offers its customers tailored service solutions for all sections of the production process. Voith Papermaking 4.0 ensures that equipment is optimally connected, while the secure use of generated data enables paper manufacturers to improve plant availability and efficiency.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery / Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Voith GmbH

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Heavy Machinery / Handling Solutions articles,
CATCH Visitors via Your Competitors Announcements!


Voith Group Successfully Completes the Acquisition of Toscotec S.p.A

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Kristine Adams - Voith.com 
+49 7321 37 2228 Kristine.Adams[.]voith.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Voith GmbH securities in any jurisdiction including any other companies listed or named in this release.

Heavy Machinery / Handling Solutions via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Voith GmbH / Company Profile


Read Heavy Machinery / Handling Solutions Most Recent Related Newswires:

ANDRITZ to Supply Pulp Production Technologies and Key Process Equipment for Sun Paper’s New Mill in Beihai, China
Voith Presents Innovative Electric Voith Schneider Propeller
ANDRITZ to Modernize A Refrigerator Recycling Plant At EMP Recycling UAB, Lithuania
Voith Introduces New Refurbishment Service for Screw Presses
ANDRITZ to Supply A PrimeLineCOMPACT S 1300 Tissue Machine to Xuong Giang Paper Mill, Vietnam
Thorworld Industries’ Safe Installation Enables Key Worker Compliance At 2ExcelLogistics
ANDRITZ Cold-rolling Mill for Harada Metal Industry Successfully Rolls First Strip
Voith Launches InfibraDisp - New Disperger with Hydraulic Gap Adjustment
ANDRITZ Uses Remote Support in Successful Start-up of TMP Line At Volga Paper Mill, in Balakhna, Russia
ANDRITZ to Supply Complete Stock Preparation Line to Kookil Paper, China
ANDRITZ to Supply Flue Gas Desulphurization Plant to NTPC, India
New Q-Fit Solution from Voith Offers Fabric Diagnostics on Operating Paper Machines
ANDRITZ to Supply Gasification Plant and Biomass Handling Line to Klabin’s Puma II Project in Brazil
Voith Strengthens its Core Business and Expands its Activities in the Areas of Sustainability and Decarbonization
Voith Group and PCS Holding Plan Takeover of Traktionssysteme Austria GmbH

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  Digital45 | Studio45 IT Services (P) Ltd





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)