Cement News tagged under: Gears

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FLSmidth sells MAAG to Solix

23 January 2024, Published under Cement News

FLSmidth Cement sold its MAAG gears and drives business to Sweden-based investment company, Solix Group AB. The transaction is expected to close during the 1Q24 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focussing the product portfolio on the core tec...

Flender opens expanded Voerde logistics and storage hall

19 May 2023, Published under Cement News

Drive manufacturer Flender has officially completed construction work on the expansion of its site in Voerde, Germany, with the opening of its new logistics and storage hall for the assembly of large gear units.   The hall has been built on an open area on the company's premises covering almost 8000m 2 . The new building is part of Flender's investments to be able to handle the expected growth in the global wind energy business and to drive the energy transition in Europe. In addition to...

Flender completes Moventas acquisition

26 April 2022, Published under Cement News

Drivetrain specialist Flender, has successfully closed the transaction to acquire Finnish wind turbine gearbox manufacturer Moventas, after receiving approval by the authorities. Moventas is now solely owned by Flender. The acquisition marks the next step in Flender’s growth strategy after progressing into independence last year. “We are very happy to announce the closing of this strategic acquisition. Moventas’ expertise and product portfolio is a perfect fit into our strategy of being th...

Flender to acquire Moventas

11 February 2022, Published under Cement News

Flender has reached an agreement to acquire Finnish wind turbine gearbox manufacturer Moventas from investor N4 partners. The planned acquisition marks the next step in Flender’s growth strategy after progressing into independence last year. Integrating Moventas’ engineering and service capabilities will further foster Flender’s wind drives business under the successful Winergy product brand. The acquisition is still subject to approval by authorities and is expected to close in summer 20...

Voith Group acquires 100% shares in Elin Motoren GmbH

27 January 2022, Published under Cement News

Voith Group has owned a 70 per cent controlling share in Elin Motoren GmbH since 1 May 2020 and at the end of 2021 acquired the remaining 30 per cent that was held by Franz Hrachowitz, the company's managing director.   "For Voith, this is a further step in strengthening our core business and consistently expanding it in the direction of sustainable technologies," says Dr Toralf Haag, CEO of the Voith Group.  The full acquisition of Elin Motoren by Voith will have no impact whatsoever...