Veltec - Ownership and Business Overview

Business ServicesCompany

Veltec Ownership

Who owns Veltec?

Veltec is owned by Plant Systems & Services PSS. It was acquired on November 26, 2018.

Was Veltec formerly PE-backed?

Yes. Veltec was formerly owned by 1 private investor.

Veltec Business Overview

Where is Veltec headquartered?

Veltec is headquartered in Niedernberg, Germany.

How many employees does Veltec have?

Veltec has 17,862 employees.

What sector is Veltec in?

Veltec is a business services company.

When was Veltec founded?

Veltec was founded in 1962.

Business Services M&A Summary in 2018

Out of 60 sectors in the Mergr database, business services ranked 4 in number of deals in 2018. The largest business services acquisition in 2018 was Techem - which was acquired by CDPQ for $5.2B.

Join Mergr to view all 580 acquisitions of business services companies in 2018, including 108 acquisitions by private equity firms, and 472 by strategics.

Veltec GmbH

Rüttelweg 7,
Niedernberg, 63843
Germany,
+49 6028 97970
www.veltec-services.com

Veltec GmbH is a technical services provider in the process and power plant industries. Veltec provides flexible, expert support throughout Europe to customers in the process industries oil and gas, chemicals, biosciences, raw materials, and power plants. Veltec GmbH was founded in 1962 and is based in Niedernberg, Germany.


Company Summary

SECTOR

Business Services

Revenue

897   2017
(millions of EUR)

Employees

17,862

Established

1962

Former Name

Voith Industrial Services GmbH

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Business Services Companies , Germany Companies

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