Untitled Document

Voith Siemens Hydro wins majority of VG Power

Shareholders of Voith Siemens Hydro Power Generation and VG Power of Sweden have ratified Voith Siemens' acquisition of a majority share of VG Power.

The Germany-based Voith Siemens said July 24 the acquisition strengthens its presence in Scandinavian markets, while offering growth potential for VG Power. VG Power, with annual sales of about 10 million euros (US$12.8 million), also brings Voith Siemens a strong business focus on hydro generator rehabilitation.

The agreement is subject to antitrust approvals.

Founded in 2002, VG Power has about 50 employees with a focus on design and manufacture of new generators as well as modernization, rehabilitation, upgrading, service, and repair of electrical equipment for existing hydropower plants.

Voith Siemens, a division of Voith, has 2,600 employees and sales last year of 600 million euros (US$767 million).

Latest Slideshow

Your Picture Here: Send Us Your Dam Selfie

View Slideshow >>

more slideshows >>   

Hydro Whitepapers

There is no current content available.

Hydro Industry Financials

Most Read Articles

Recent Comments

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

03/01/2015
Volume 34, Issue 2
1503HRcover
03/01/2015
Volume 23, Issue 2
1503HRWcover

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues

Buyers Guide Products

Technical Services

NAES develops and offers a full suite of custom...

Digital Governor Conversions and Retrofit Kits

Want to Go Digital? Over the last 10 years we h...

Governor Field Service, Troubleshooting and Calibration

Our highly-skilled Field Service Engineers know...

Governor Replacement Parts - New and Factory Reconditioned

We offer a complete line of brand-new, BETTER-T...

Governor Training Classes

From Governor School to Custom On-Site Training...

Factory Repair Services

We offer COMPLETE factory repair services for A...

Buyers Guide Companies

Sauer Compressors USA Inc

ABB Inc/High Current Systems

Barr Engineering Co

JM Power Aggregates Ltd

Owner, inventor and distributor of an environme...

IC-Fluid Power Inc

Founded in 1989 to bring European fluid power t...