Moog and Voith Form Joint Venture HMS – Hybrid Motion Solutions GmbH

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Moog Inc. and the global technology company Voith Group and, both developers, manufacturers and suppliers of electric, hydraulic and hybrid drive solutions, have signed the contracts to form the joint venture HMS – Hybrid Motion Solutions GmbH based in Rutesheim on 29 April 2020. The joint venture provides for a strategic business alliance to expand the hydrostatic servo-hydraulics business in various industrial markets.

HMS – Hybrid Motion Solutions GmbH aims to combine the solid expertise of both companies in the field of hydrostatic servo drives and leverage synergies to enter new markets. The new joint venture will focus on research and development, design and assembly as well as service. “For Voith, the establishment of the strategic business alliance... ... More: Official Press Release Moog

Keywords:

Moog, Voith, expand, hydrostatic servo-hydraulics business, industrial markets, Germany, joint venture