Voith Purchases Vortex Hydro
Feb 20, 2013 (Close-Up Media via COMTEX) --
The Voith Group of Companies has acquired Granby, Quebec-based Vortex Hydrosystemes.
According to a release, Vortex Hydro offers auxiliary mechanical systems, specialized hydropower products, and consulting services. Vortex Hydro will retain its name and continue as an operating unit within Voith Hydro. It will remain at its current location in Granby.
"We are very excited about the addition of Vortex Hydro into the larger Voith family," said Voith Hydro Inc. (Canada) President and CEO Denys Turcotte. "Vortex Hydro will bring its exemplary auxiliary mechanical systems, specialized hydropower products, and expert consulting services to the product lines and services that Voith already offers in Canada and the U.S. Vortex Hydro will complement our existing After Market Business in Canada and the U.S., and expand Voith's products to new and future customers."
Voith said Vortex Hydro will add to Voith's presence in the After Market Business sector in Canada and the U.S. Vortex Hydro offers balance-of-plant solutions for hydropower applications, which are now utilized by an increasing number of users and manufacturers of gas and steam turbines, as well as for several industrial process applications. In addition to engineering consulting services, Vortex Hydro offers specialized products in the Actuator valve series AC signal, Converter module model CS-1, and Tangential overspeed detector.
"I am pleased to announce Vortex Hydro's new status as an operating unit within Voith," said Vortex Hydro founder and President Richard Evoy, who will retain his position. "We will continue to offer reliable and competitive products coupled with unmatched service, but our network and reach will be much larger. By fully integrating Vortex Hydro into Voith, we will benefit from Voith's global reach and 140 years of experience in the hydropower sector. The future for our company is indeed bright."
Voith Hydro is a Group Division of Voith and - with a workforce of over 5,000 employees and a sales volume of more than 1.3 billion euro in the business year 2011/2012 belongs to companies for hydro power equipment. In Canada, Voith Hydro employs over 300 people. In the U.S., Voith Hydro employs over 500 people.
Voith noted that it sets standards in the markets energy, oil & gas, paper, raw materials and transportation & automotive. Founded in 1867, Voith employs almost 42,000 people, generates 5.7 billion euro in sales, operates in about 50 countries around the world and is one of the biggest family-owned companies in Europe.
Hydropower is a form of renewable energy generation.
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