In a statement, Voith said the joint venture, HMS – Hybrid Motion Solutions GmbH, combines the expertise of each of the partners and will leverage synergies to enter new markets. The new joint venture will focus on research and development, design and assembly, as well as service.

“For Voith, the establishment of the strategic business alliance with Moog is an important step toward strengthening our portfolio of hydraulic drive solutions. By bundling the know-how of both companies in the field of self-contained servodrives, we can offer our customers integral system solutions and jointly drive forward the further development of the 'hydraulics of tomorrow,'” said Rolf Schweizer, executive vice president and chief executive of Voith Turbo Industry.