VOIT Group: MILLISON TECHNOLOGIES INC. acquires business shares in VOIT Automotive, Fonderie Lorraine, and Voit Polska

• Integration into the international technology conglomerate opens up global markets
• Preservation of all approx. 1750 jobs, including about 1000 jobs at the headquarters in St. Ingbert, Saarland
• Giga Casting technology transfer from China and further growth planned in Europe

St. Ingbert / Chongqing (China), April 19, 2024. The shareholders of the VOIT Group, consisting of VOIT Automotive GmbH, including 51% of the shares in Fonderie Lorraine and Voit Polska, a multinational leading technology company for the automotive industry, sold their business shares to Millison Technologies, based in Chongqing and listed on the Shenzhen Stock Exchange, on April 16, 2024 (“Signing”). Millison Technologies is a global leader in the development of advanced aluminum components and tools for the automotive and telecommunications industries as well as for energy storage.

VOIT, headquartered in St. Ingbert, Germany with several international locations, is a leading technology company and automotive supplier. As a technology partner for engineering, process development, and mass production, VOIT focuses on high-precision, customized components for drivetrain technology and driver assistance systems.

Millison acquires all shares of the previous shareholders. The purchase price (in EUR) is in the mid-double-digit million range. The transaction is still subject to antitrust approval and the occurrence of various conditions.

Arthur Yu, CEO of Millison, comments: “The acquisition of VOIT is a significant strategic and transformative transaction for Millison. The unique and company-specific expertise of VOIT will strategically complement Millison’s core competencies. This creates one of the few companies of this size that can offer our customers a unique product range, added value, and competitive advantages. The combined company will have locations worldwide to serve our customers globally.”

Hendrik Otterbach and Christopher Pajak, Managing Directors of the VOIT Group are very confident: “Despite high capacity utilization and an attractive customer portfolio, VOIT is undergoing a comprehensive transformation in light of global market changes away from internal combustion engines. The partnership with Millison opens up completely new perspectives and synergy potential, which we want to leverage. We thank the involved stakeholders in the transaction, especially the VOIT shareholders and the officials at Millison for their trust.”

Saarland Minister of Economics, Jürgen Barke, is pleased: “We were closely involved in the extensive M&A process from the start and created the conditions for the transformation process to work. We are therefore very pleased that the acquisition by Millison Technologies has found a strong future solution at the Saarland location. This is our creative contribution – the blueprint for transformation: Here, with new shareholders and the chance for new products, real future prospects are created. Employment is secured, and we offer further development opportunities for the company at the Saarland location. We will continue to accompany and support the company’s transformation.”

Lawyer Matthias Bayer (Abel and Kollegen), restructuring advisor for VOIT Automotive GmbH, adds: “The transaction is embedded in a complex restructuring concept. The agreed acquisition secures jobs and creates a stable basis for the future. As part of the international technology conglomerate, the combined strong product and technology portfolio offers additional profitable growth opportunities. I would like to sincerely thank Minister Jürgen Barke and his Deputy Minister, Mrs. Elena Yorgova-Ramanauskas, who have personally and professionally supported this intensive process from the beginning, thus contributing to the achievement of the pursued goals.”

MILLISON TECHNOLOGIES INC.
World-leading manufacturer of HPDC for tools, components, and systems, and supplier in the fields of e-mobility, automotive, telecommunications, and energy storage with about 5000 employees and more than EUR 500 million in revenue.

VOIT Group
VOIT is a multinational system supplier for the automotive industry. The technology company manufactures for some of the world’s largest automotive manufacturers and suppliers. VOIT technology is present in over 250 vehicle models and 45 brands. Approximately 65% of the world’s leading automotive manufacturers trust VOIT. Around 80 million VOIT parts and components are installed annually in vehicles from BMW, Mercedes-Benz, Audi, Volkswagen, Jaguar Land Rover, Porsche, Stellantis, and others.

Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities.

Structural change and the global pandemic are currently making things difficult for Saarland’s export-oriented companies in the automotive industry. Time to find other ways to overcome the challenges. The St. Ingbert-based company VOIT Automotive, in close cooperation with the works council and employees, has now negotiated a future collective agreement that will save it a total of 5 million euros, enabling it to make the planned 22 million investments in new electric and hybrid products. “The employees will forego parts of their Christmas and vacation bonuses. This means they will forgo 5% of their annual income in 2021 and another 2.3% in 2022,” says managing partner Hendrik Otterbach. In return, he said, the workforce should also share in future profits. The supplier, which produces parts for drive technology and assistance systems, wants to secure the location and the jobs of its almost 900 employees with this future collective agreement. The Saarland-based company hopes to achieve a product share of 50% in the field of electromobility in the long term.

© Barbara Hartmann – saaris

VOIT Automotive congratulates its trainee Eugen Spieß as the best foundry mechanic in the country 2019/20. We are very proud of him and would also like to thank our training workshop for the good training work, which trains a total of 28 trainees and 2 FOS interns in future-proof professions and to become strong personalities. For years, we have therefore been able to be happy about the best of the year almost every year.

Training is an investment in the future of young people and the company.

For 9 young people a new stage of life started on August 17, 2020 – their training at VOIT Automotive.

We are pleased to accompany our new trainees on this exciting path.

We wish them all a pleasant start to their professional life and much success in their training in our company.

Guido Vincenzo is learning the profession of industrial mechanic.

Michelle-Sophie Wilhelm is learning the profession of industrial mechanic.

Fabian Stammwitz learns the profession of a cutting machine operator.

Torben Lahm learns the profession of a cutting machine operator.

Marius Alt learns the profession of a tool mechanic.

Pascal Gries learns the profession of toolmaker.

Sadik Khiar learns the profession of electronic technician for automation technology.

Joshua Harig learns the profession of electronic technician for automation technology.

Marco Tuttolomondo learns the profession of industrial clerk.

A sound education is the optimal basis for a professional career. For this reason, the training of young people has a very high priority at VOIT Automotive. Training is an investment in the future of the young people and the company.

With currently 28 trainees and 2 FOS interns, we make an important contribution to the future of the youth in our region.

INNOVATIVE and FUTURE is today’s requirement profile, how VOIT meets it you can read in the current summer issue of OEM & Supplier.

A big thank you to the editorial and film team of France5 / TV5 Monde! In our production (VOIT Automotive) the team interviewed our CTO about industry 4.0 and digitization. The report will be broadcast on these French stations in a few weeks in the renowned magazine “C dans l’air”. Thanks to Kilian-Davy-Baujard, Barbara Stec, David Lemarchand and the CTO of VOIT Automotive Christoph Langehenke.

Un grand merci à l’équipe éditoriale et l’équipe de tournage de France5 / TV5 Monde. Les collègues ont interviewé notre CTO dans notre production (VOIT Automotive) sur l’industrie 4.0 et la numérisation. L’article sera diffusé dans quelques semaines dans le prestigieux magazine “C dans l’air”. Merci beaucoup à Kilian-Davy Baujard (producteur), Barbara Stec (rédactrice), David Lemarchand (caméraman) et notre CTO Christoph Langehenke.

You can read how VOIT is Advancing Topic 4.0 and Winning Awards for it in the current Spring issue of OEM & Supplier.

On 13.3.19, the first cross-industry Energy Efficiency Network E.E.f.I was founded on the initiative and as a network carrier of the VSU Association of Saarland Business Associations. The network participants Homanit, HYDAC International, Saarbrücker Zeitung, VOIT Automotive and ZF Friedrichshafen want to develop and implement measures to increase energy efficiency and save energy for 3 years in a joint exchange of knowledge. In this way, they make a contribution both to securing the location (energy costs represent a considerable cost block) and to climate protection and achieving Germany’s climate policy goals. In doing so, they also underline their claim to act sustainably: an aspect that is increasingly regarded as relevant by citizens, business partners and the young professionals sought-after on the labour market. Christoph Langehenke (CTO VOIT Automotive would like to thank State Secretary Jürgen Barke, Antje Otto (Saarhütten/VSU), the moderator of the project Silvia Goergen, Dr. Hermann Becker (Head of ZF Saarbrücken) and all network participants present for their joint commitment in the future.

We thank you very much for the visit on 17.01.19 of our Saarland Prime Minister Tobias Hans. In a pleasant atmosphere, the topics revolved around the challenges for Saarland companies in the times of Brexit, opportunities in the Greater Region, digitisation and better networking between research and SMEs. A planned Innovation Center is to provide Saarland companies with significantly better access to university knowledge in the future and thus create innovation and economic benefits for both sides. During a concluding tour of the plant, our guest was able to learn about new automotive components for autonomous driving and e-mobility as well as their sophisticated manufacturing processes.

ZF Honors Outstanding Suppliers

VOIT Automotive was Awarded the ZF Supplier Award 2018 – Production Materials by ZF Friedrichshafen on December 7, 2018.

Photo: ZF Press Portal

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