Moog Inc. and German company Voith Group, both developers, manufacturers, and suppliers of electric, hydraulic, and hybrid drive solutions, have formed Hybrid Motion Solutions (HMS), based in Rutesheim, Germany.
The joint venture, completed on April 29, combines the work of both companies in the field of hydrostatic servo-hydraulics drives. HMS will focus on research and development, design, assembly, and service, according to a May 13 press release.
On April 30, Voith acquired Italian company Toscotec, which specializes in the design and manufacture of equipment for the production of tissue, paper, and board.
Voith develops, designs, and manufactures components and systems for fluid power drive, control, and regulation technology, especially for the mechanical engineering industry for sheet metal and material processing.
Moog provides electrical, hydraulic, and hybrid drives for industrial applications in the fields of metal forming, plastics processing, power generation, marine, testing, and simulation in the development of future-proof machines.