P+P advises Voith management on the sale of its service division to Triton
Financial investor Triton acquired the Industrial Services business unit of the technology group Voith.
Munich partner Dr. Benedikt Hohaus advises the management of Voith on the transaction with regard to their interests.
Voith retains a financial participation of 20 percent and will remain involved through the transition. Further terms of the purchase remain confidential. The execution of the contract is subject to approval by the relevant antitrust authorities.
Voith Industrial Services is one of the leading providers of technical services for key industries such as the automotive, rail, energy, chemical and petrochemical industries.
In 2014-2015, the company had a turnover of 1 billion Euros and employs approximately 17,200 employees worldwide in 200 locations.
