“The organisational and market-related development of both groups of companies envisaged a merging of the corporate shares in one entity, which seemed reasonable to all parties involved. Yet the successful market presence that binds Voith and GAW will be continued in the future,” explains Jochen Pildner-Steinburg, managing director of GAW Group, about the motives of the buyback.
As of late Styrian company had a business year in which all GAW enterprise areas were in the black, the group achieved a positive cash flow and an annual net profit, and exhibited an above-average net liquidity.
The GAW Group is a group of technology companies operating worldwide. The portfolio includes plant construction, products and industrial services, and serves five essential markets in almost every region of the world: paper, plastics, chemicals, environmental and automotive.