Voith
Not to be confused with the US based Voit Sporting Goods Company
The Voith GmbH, which is headquartered in Germany, is a family-run multinational corporation in the mechanical engineering sector with worldwide operations.
The Voith Corporate Group is led by the Voith GmbH headquarters in Heidenheim, located in the German State of Baden-Württemberg. Here, the headquarters serves as a management-holding, with the executive board establishing general business strategies, taking overall responsibility for the groups operations, and providing support to the group’s affiliate companies.
The Voith GmbH has around 39,302 employees worldwide, with 14,434 working in Germany. For the 2013/14 business year, the consolidated group had revenues of €5.34 billion, profits of €41 million and a new order volume of €5.58 billion.
Company history
Beginnings
The Voith GmbH began as a small craftsman's workshop in the former Kingdom of Württemberg. In 1825, Johann Matthäus Voith took over this workshop from his father Johannes, which employed five craftsmen, and made tooling and spare parts for local mills. The same site used by the original workshop is now the home of the Voith GmbH Headquarters.
