Voith establishes Digital Solutions division

(HEIDENHEIM, Germany) — The Voith Group is picking up speed as it taps into new opportunities for growth in the realm of “Industrie 4.0." At its meeting Tuesday, the Shareholders’ Committee approved the Corporate Management Board’s digital agenda. This agenda includes the establishment of a new Group Division, Voith Digital Solutions.

The new unit will consolidate all of the group’s know-how in the field of the digital transformation known as Industrie 4.0. The new unit’s focus will be on the development of new digital business models for sectors that already exist today as well as for completely new sectors which are not yet being served. Dr. Roland Munch, who has been CEO of the Voith Hydro Group Division up until now, will become CEO of the new Group Division.

Group head Hubert Lienhard said, “We are systematically developing Voith to be a company that will play a decisive role in shaping the digital transformation in our sectors and markets.”

The objective is to achieve growth, both with existing customers as well as with new customers and in new markets.

Voith sets standards in the markets for energy, oil and gas, paper, raw materials, transport and automotive. Founded in 1867, Voith employs more than 20,000 people, generates €4.3 billion in sales, operates in over 60 countries around the world and is one of the biggest family-owned companies in Europe.

By Professional Mariner Staff