Voith

What Voith does

Voith GmbH & Co. KGaA is a privately held, family-owned German technology group founded in 1867 and headquartered in Heidenheim an der Brenz, operating across three core business fields: Drive Technology (power transmission systems for mobility and industrial applications, including the ARGO-HYTOS hydraulic components subsidiary acquired in August 2022), Hydropower (turbines, generators, pumps, automation, and pumped storage solutions for grid stability), and Papermaking (full-line paper machine systems, stock preparation, automation, components, and services). The company's product portfolio spans capital equipment like the XcelLine paper machine platform, MasterJet 4Tec F headbox capable of 1,600 m/min operation, BlueLine stock preparation, DuoCentri NipcoFlex press with center belt, and the Plug & Drive H2 Storage System for hydrogen-powered heavy-duty vehicles through its Voith HySTech GmbH subsidiary.

The business operates an enterprise B2B model combining project-based capital equipment sales with recurring aftermarket services and consumables across a global installed base. Revenue streams include one-time capital equipment sales (paper machines, hydropower turbines, drive systems) negotiated directly with enterprise customers, recurring professional services through global service centers and digital diagnostic platforms, and consumable sales (press felts, roll covers, headboxes, fabrics, hydraulic components). Go-to-market is sales-led with direct regional field sales teams across North America, South America, Europe, and Asia-Pacific, complemented by industry events, dedicated customer magazines (hypower, nextlevel, ontrack), and digital channels. Voith serves enterprise customers across paper manufacturing (APP, Wuzhou Special Paper, Klabin, Mondi, Sun Paper, Essity, SCA, Green Bay Packaging, Asia Symbol), hydropower (Lake Mainit, Venezuela Guri Dam), and emerging hydrogen mobility (ACV).

Voith employs approximately 21,000 people globally across 16+ countries, with regional service centers in markets like Appleton WI, Neenah WI, West Monroe LA, and internationally in São Paulo, Shanghai, and Zhenjiang. The Hanns-Voith-Stiftung foundation maintains significant ownership, preserving family control and long-term strategic orientation. Strategic priorities articulated publicly include digitalization (Papermaking 4.0, MillOne ecosystem), decarbonization (CO2-neutral pilot projects with Essity, resource-efficient Infinity +Green felts awarded the 2025 German Sustainability Award), and the recent Siemens Industrial AI alliance positioning the company for industrial AI integration.

Name

Voith

Legal name

Voith GmbH & Co. KGaA

Website

https://voith.com

Company type

Private

Founded year

1867

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Voith is a German family-owned technology group founded in 1867, operating globally with ~21,000 employees across three divisions: Drive Technology, Hydropower, and Papermaking. It supplies capital equipment, components, and aftermarket services to enterprise customers in paper manufacturing, hydroelectric power, and emerging hydrogen mobility markets.

Ownership category

akta.pro rank

Product category

Industrial Machinery and Power Transmission Equipment

NAICS

Other General Purpose Machinery Manufacturing (3339), Commercial and Service Industry Machinery Manufacturing (33331), Fluid Power Pump and Motor Manufacturing (333996)

SIC

Engines & Turbines (3510), Printing Trades Machinery & Equipment (3555)

akta.pro primary industry

Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries) (EUAEADAH)

akta.pro secondary industry

Renewable Energy Asset O&M (Wind, Solar, Hydro, Geothermal) (EUAEAGAB)

Keywords

• Industrial machinery manufacturing
• Hydropower equipment
• Paper machine systems
• Drive technology solutions
• Power transmission systems

Headquarters

HQ city

Heidenheim An Der Brenz

HQ country

Germany

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Capital Equipment Sales: Voith generates primary revenue from selling large capital equipment including paper machines, hydropower turbines and generators, and drive systems. These are typically high-value, project-based sales with long sales cycles involving custom engineering and installation.
2. Aftermarket Services and Spare Parts: Recurring revenue from maintenance, repair, and spare parts supply across all three business divisions. Voith operates service centers globally and offers preventive maintenance programs, digital diagnostics, and reliability services.
3. Components and Consumables: Sale of paper machine components including press felts, roll covers, headboxes, and fabrics for the papermaking industry. Also includes hydraulic components following the ARGO-HYTOS acquisition.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Voith is a global technology group that manufactures and supplies capital equipment and components across three core business fields: Drive Technology (power transmission systems for mobility and industrial applications), Hydropower (turbines, generators, pumps, and automation for hydroelectric and pumped-storage plants), and Papermaking (full-line paper machines, stock preparation, press and headbox technology, fabrics, and digital papermaking automation). The company also provides aftermarket services, spare parts, and digital solutions, and has expanded into hydrogen storage through its Voith HySTech GmbH subsidiary.

Product overview

Voith is a global technology group operating across three core business fields: Drive Technology, Hydropower, and Papermaking. In Drive Technology, Voith provides drive systems and powertrain solutions for mobility and industrial applications. In Hydropower, Voith delivers complete plants, components, automation systems, and services including pumped storage solutions for grid stability. In Papermaking, Voith serves as a leading full-line supplier offering the XcelLine paper machine platform, BlueLine stock preparation systems, MasterJet 4Tec F headboxes, DuoCentri NipcoFlex press technology, and the Papermaking 4.0 digital solutions portfolio including MillOne ecosystem platform. Voith also operates Voith HySTech GmbH, a hydrogen storage subsidiary offering the Plug & Drive H2 Storage System for heavy-duty vehicles. The company provides comprehensive aftermarket services through HyService, Servolution, and Turbo Service divisions.

Differentiator

Problem solved

Functional benefit

Brands

• Xcelline: Paper machine product line for papermaking solutions
• BlueLine
• OnPerformance.Lab
• MillOne
• MasterJet
• DuoCentri NipcoFlex
• Voith Paper Fabrics
• Voith HySTech GmbH

Products and services

• XcelLine Paper Machine Platform Comprehensive full-line paper machine platform serving paper manufacturers across tissue, specialty, packaging, and pulp grades, integrated with Voith's stock preparation, press, and automation technologies.
• BlueLine Stock Preparation System OCC stock preparation technology for pulp and paper production, recognized as a gold standard for resource-efficient fiber processing.
• MasterJet 4Tec F Headbox Next-generation headbox technology supporting web widths up to 11.6 m and operating speeds of 1,600 m/min, with ModuleJet dilution control for precise basis-weight control.
• DuoCentri NipcoFlex Press with Center Belt Press technology that enables closed full-width web threading from press section into drying section, eliminating traditional runnability problems on high-speed paper machines.
• Infinity ToughLine 6S Double-Seam Felt and CellPress Roll Cover Press felt and roll cover consumables designed to reduce machine downtime and increase productivity in pulp and paper operations.
• Hydropower Plant Solutions Complete plants, components, automation systems, and services for hydroelectric and pumped-storage power generation, including turbines, generators, and pumps.
• Drive Technology Systems Power transmission systems, drivetrains, and drive technologies for urban mobility, commercial vehicles, marine, rail, and industrial machinery applications.
• Plug & Drive H2 Storage System Hydrogen storage system designed for heavy-duty vehicles, using 700-bar hydrogen tanks, marketed through the Voith HySTech GmbH subsidiary.
• Hydropower Aftermarket Services (HyService) Aftermarket services including preventive maintenance, spare parts, digital diagnostics, reliability services, and modernization for hydropower installations.
• Papermaking Aftermarket Services (Servolution) Aftermarket services for paper mills including maintenance, spare parts supply, process optimization, and digital support.
• Drive Systems Aftermarket Services (Turbo Service) Aftermarket services for drive technology and power transmission customers, including maintenance, spare parts, and service support.
• Papermaking 4.0 / OnPerformance.Lab / MillOne Digital Ecosystem Digital papermaking solutions portfolio covering digitalization, automation, AI-driven process optimization, and remote services for paper mills, including the MillOne ecosystem and OnPerformance.Lab expertise center.
• ARGO-HYTOS Hydraulic Components Hydraulic components and system solutions for off-highway applications, supplied through the ARGO-HYTOS Group subsidiary.

Quantifiable outcome

• 30% reduction in fresh water consumption achieved at customer facilities
• +4 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• ACV Automobil-Club VerkehrminorOthers · 22 June 2026ACV Automobil-Club Verkehr launched Germany's first hydrogen-powered tow truck into regular roadside assistance operation in Cologne, using a vehicle based on Mercedes Atego chassis with Toyota fuel cell and Voith drivetrain. The one-year pilot project will be monitored by TH Köln.
• APP (Asia Pulp & Paper)coreStrategic or Co-development Partner · 20 May 2026Voith successfully started up PM 6, China's first high-speed MG specialty paper machine for low basis weight grades, at APP's Jindong Dagang mill in Zhenjiang, Jiangsu. The project was completed two months ahead of schedule, strengthening APP's competitive position in the specialty paper market.
• Venezuela Guri DamcoreImplementation/ SI/ Consulting Partner · 22 April 2026Voith won a EUR 95 million contract for Venezuela's Guri Dam modernization as part of hydro mechanical equipment market developments.
• Wuzhou Special PapercoreStrategic or Co-development Partner · 6 November 2025Voith and Wuzhou Special Paper commissioned the world's widest specialty paper machine, PM 21, in Hubei Province, China, producing approximately 300,000 tons of lightweight glassine base paper annually. This marks a significant milestone in their long-term collaboration.
• SiemenscoreStrategic or Co-development Partner · 23 October 2025Siemens formed a strategic alliance with major machine tool manufacturers including Voith Group, Grob, Trumpf, Chiron, Renishaw, and Heller, along with academic partner WZL of RWTH Aachen, to collaborate on industrial AI development through systematic engineering data exchange. The partnership advances Siemens' Industrial Foundation Model, enabling AI applications such as automated NC programming, predictive maintenance, and adaptive manufacturing processes.
• SiemenscoreStrategic or Co-development Partner · 2 October 2025Siemens-led data alliance with machine manufacturers including Trumpf, Grob, and Voith to scale industrial AI through anonymized data sharing, positioning Germany as a global technology leader in robotics, AI, and mechanical engineering integration.
• Wuzhou Special Paper GroupcoreStrategic or Co-development Partner · 29 September 2025Wuzhou Special Paper Group selected Voith to retrofit the press section of its PM 19 paper machine at its Jiangxi facility with DuoCentri Press with Center Belt technology, replacing conventional open draws with a closed web run between press and dryer sections.
• ARGO-HYTOS GroupcoreOEM/ Whitelabel/ Licensing Partner · 2 August 2022Voith acquired a 79.5% stake in ARGO-HYTOS Group, a Swiss-based manufacturer of hydraulic components, in a deal completed August 2022. The acquisition aims to enhance growth and innovation in off-highway hydraulics and system solutions.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ANDRITZ: Austrian global technology group with direct overlap in pulp & paper machinery, hydropower (Andritz Hydro), and metal forming. ANDRITZ is Voith's closest head-to-head competitor across Voith's two largest divisions.
• Valmet: Finnish leader in paper, board and tissue machinery plus pulp and energy. Direct competitor in Voith Paper's full-line papermaking solutions including headboxes, press sections and paper machines.
• GE Vernova: Spun out of GE, this entity houses a major hydropower business (turbines, generators, services) that directly competes with Voith Hydro in new builds and modernization.
• MAN Energy Solutions: German manufacturer of large-bore engines, turbomachinery and turbines. Competes with Voith in rotating equipment, hydro turbines and industrial drive applications.
• Sulzer: Swiss industrial manufacturer of pumps, rotating equipment and services for water, energy and process industries. Overlaps with Voith's hydropower pumps, ARGO-HYTOS hydraulics and industrial service business.
• Bosch Rexroth: German leader in hydraulic components, drives and motion control. Closest peer to Voith's ARGO-HYTOS-driven off-highway hydraulics expansion and competes in industrial drive technology.

Broad incumbents

• Siemens Energy: Major incumbent in grid-scale energy infrastructure including hydropower and grid stability. Historically partnered with Voith in Voith Siemens Hydro Power Generation and a current partner in the Siemens industrial AI alliance.
• Alfa Laval: Swedish industrial group specializing in heat transfer, separation and fluid handling. Comparable as a broad industrial process equipment incumbent serving pulp & paper, energy and marine customers that overlap with Voith's end markets.
• Atlas Copco: Swedish industrial group with compressors, vacuum solutions and industrial tools. Comparable as a global industrial equipment peer serving similar end markets and offering installed-base service monetization.

Emerging players

• Wärtsilä: Finnish technology group focused on marine and energy markets, including energy storage and decarbonization. Compares to Voith Hydro on grid-scale energy solutions and to Voith's emerging hydrogen and decarbonization bets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@VoithGroup
• Facebookfacebook.com/VoithGlobal
• LinkedInlinkedin.com/company/voithgroup
• Instagraminstagram.com/voithgroup
• Xx.com/voithgmbh

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Voith