M&A Deal Summary

Voith Turbo KG Acquires Helix Systems

On August 7, 2014, Voith Turbo KG acquired engineering company Helix Systems

Acquisition Highlights
  • This is Voith Turbo KG’s 1st transaction in the Engineering sector.
  • This is Voith Turbo KG’s 1st transaction in the United States.
  • This is Voith Turbo KG’s 1st transaction in Alaska.

M&A Deal Summary

Date 2014-08-07
Target Helix Systems
Sector Engineering
Buyer(s) Voith Turbo KG
Deal Type Add-on Acquisition

Target

Helix Systems

Bessemer, Alaska, United States
Helix Systems Inc. is an industrial services company.

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Buyer(S) 1

Buyer

Voith Turbo KG

Crailsheim, Germany

Category Company
Sector Construction
Employees6,485
Revenue 1.5B EUR (2013)
DESCRIPTION

Voith Turbo contributes to moving millions of people, goods and machines reliably. Our highly advanced technologies transmit and control powers under extreme conditions – safely and resource-sparingly. Drive components and systems from Voith Turbo can be found in a wide variety of industries: they are installed wherever power has to be converted into controlled movement. Voith Turbo is organized in four Business Divisions: "Power, Oil & Gas", "Mining & Metals", "Rail" and "Commercial Vehicles".


DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alaska) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 BHS Getriebe

Sonthofen, Germany

BHS is a leading manufacturer of turbo gears. Due to its extensive and high-performance range of products the company supplies numerous customers in the entire manufacturing industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-09 Veltec

Ringsted, Denmark

Veltec is a provider of industrial maintenance and projects. Veltec was founded in 1962 and is based in Ringsted, Denmark.

Sell -