Voith Group and Moog Inc. have formed a joint venture to expand the hydrostatic servo-hydraulics business in various industrial markets.
The joint venture, known as Hybrid Motion Solutions GmbH (HMS), will use Voith Group and Moog’s shared experiences to focus on research and development, design, assembly and service to enhance hydrostatic servo drives and enter new markets.
“For Voith, the establishment of the strategic business alliance with Moog is an important step towards strengthening our portfolio of hydraulic drive solutions,” said Ron Schweizer, CEO and executive vice president of Voith Turbo Industry. “By bundling the know-how of both companies in the field of self-contained servo drives, we can offer our customers integral system solutions and jointly drive forward the further development of the hydraulics of tomorrow.”
Moog GmbH in Böblingen, Germany, was founded in 1965 as the first subsidiary of Moog Inc. outside the United States. The company specializes in the development of hydraulic, electric and hybrid drive products.