Moog and Voith Group, have signed the contracts to form the joint venture HMS – Hybrid Motion Solutions GmbH based in Rutesheim. The joint venture provides for a strategic business alliance to expand the hydrostatic servo-hydraulics business in various industrial markets.
HMS – Hybrid Motion Solutions aims to combine the solid expertise of both companies in the field of hydrostatic servo drives and leverage synergies to enter new markets. The new joint venture will focus on research and development, design and assembly as well as service.
“For Voith, the establishment of the strategic business alliance with Moog is an important step towards strengthening our portfolio of hydraulic drive solutions. 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. I am looking forward to the future cooperation with Moog and the team of HMS,” commented Rolf Schweizer, executive vice president & CEO of Voith Turbo Industry.
