Press
release
 
June 2, 2008
Voith Industrial Services: Engineering competence in the aviation sector

Voith Industrial Services acquires CeBeNetwork


Stuttgart, 2. 6. 2008 – The growth continues: Voith Industrial Services acquires majority stake in the engineering company CeBeNetwork. With this takeover, the company expands its service portfolio in the engineering segment and simultaneously acquires new competences in the aviation industry.

Founded in 1996, CeBeNetwork is an engineering company specializing in complex development projects. With 360 employees and a turnover of around EUR 52 million, it is one of the largest providers of engineering services to the aviation industry in Europe. The company based in Bremen also has offices in Hamburg, France, Great Britain, and Spain, and with its network of 35 cooperation partners, has access to the knowledge and expertise of 5,000 engineers and technicians all over the world. EADS is one of the most important customers of CeBeNetwork. To strengthen its position in the global market, the company was on the lookout for a strong partner and has now been integrated into the family-owned Voith group as an independent company. With the integration of CeBeNetwork, the Industrial Services division of Voith has strategically expanded the relatively smaller engineering segment, which up until now has primarily provided planning and development services to automobile manufacturers, and consultation and process engineering to the chemical industry. “We see tremendous potential in the contract engineering market. With the acquisition of CeBeNetwork, we are continuing with our strategy of steadily expanding our engineering services’ portfolio in this promising field. Moreover, CeBeNetwork opens new doors for Voith Industrial Services in the aviation industry, a dynamic market offering a range of innovative technologies“, says Markus Glaser-Gallion, Member of the Board of Management of Voith Industrial Services Holding GmbH.

CeBeNetwork has many years of experience in the fields of aerodynamics, computer simulations, and analyses for the aviation industry as well as other technology-driven industries. The company has, for example, developed the ‘Digital Aircraft Center’ that enables the interactive use of the so-called Virtual Reality for planning and analyses in product development. “In Voith Industrial Services, we have found the perfect partner for the successful development of our company“, states Dr. Frank Arnold, who will continue to head CeBeNetwork in future.

Voith Industrial Services, a division of Voith AG, is a leading provider of technical services for key industries. With 18,900 employees in more than 150 locations all over the world, Voith Industrial Services operates globally through its brands DIW, Premier, Hörmann Industrietechnik, and Voith, and has generated a turnover of about EUR 800 million in 2007. The growth of the company is not just restricted to the aviation industry. The latest acquisitions of SIS Skandinavisk Industriservice at the end of 2007 and Ermo in March 2008 have expanded the company’s portfolio in the process industry.

Voith AG is setting standards in the markets for paper, energy, mobility, and service. Founded on January 1, 1867, Voith today employs more than 37,000 people in over 270 locations all over the world. With a turnover of EUR 4.1 billion, it is one of the largest family-owned companies in Europe.

Voith is the official partner of the "Deutschland - Land der Ideen" initiative.


Markus Woehl
Voith AG | Corporate Press Office | St. Pöltener Str. 43, 89522 Heidenheim | Germany
Tel +49 7321 37-2219 | Fax +49 7321 37-7107
E-Mail markus.woehl@voith.com
Harro Harms
CeBeNetwork Holding GmbH | Director Sales and Marketing
Tel +49 421-55 83 64 0
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