Voltava's Formation Marks a New Era in Manufacturing
Detroit Manufacturing Systems, LLC (DMS) has successfully merged with Android Industries, LLC and Avancez, LLC to create a new entity known as Voltava, LLC. This significant acquisition redefines the landscape of global manufacturing and assembly, emphasizing quality, innovation, and exceptional service to clients worldwide.
Leadership and Vision of Voltava
At the helm of Voltava is Bruce Smith, who takes on the roles of Chairman and CEO. His vision for Voltava emphasizes the integration of capabilities from the merged companies to form a premier manufacturing partner. "Today marks a transformational step in our journey as we officially launch Voltava, combining our strengths to provide unparalleled value and service to our customers," Smith stated passionately.
Operational Scope and Reach
Voltava is not just a name—it's a powerhouse comprising approximately 5,400 team members distributed across 21 locations globally. This diverse operational presence includes 19 facilities in North America, along with one each in South America and Europe, allowing Voltava to support a wide range of original equipment manufacturer (OEM) partners in various markets.
Commitment to Values and Culture
Smith emphasizes the importance of the foundational principles that underpin the culture at Voltava. "The Voltava brand is a true representation of our people-focused culture, fostering collaboration, social responsibility, and diversity. We have created something special, which I believe will significantly impact our industry," he added.
Strategic Partnerships and Financial Support
Voltava's new venture is supported by significant financial backing. A $450 million asset-based credit facility organized by Wells Fargo plays a pivotal role in facilitating this acquisition. This financial support underscores the confidence in Voltava's ability to drive growth and innovation in manufacturing.
Advisors and Financial Collaboration
The acquisition was made possible with the guidance of reputable firms. Palm Tree Securities, LLC, and CMD Global Partners, LLC acted as financial advisors to DMS, while Foster Swift Collins & Smith PC served as the legal advisor. Additionally, the financing for Android Industries was arranged by J.P. Morgan Securities, LLC.
About Voltava
Voltava stands as a beacon of excellence in the manufacturing sector. By joining forces, DMS, Android Industries, and Avancez leverage their unique strengths to cater to various industries. Voltava focuses on providing innovative solutions in complex module assembly, contract manufacturing, and automation, all while ensuring operational excellence and environmental responsibility.
Frequently Asked Questions
What is Voltava?
Voltava is a global manufacturing and assembly partner formed by the merger of Detroit Manufacturing Systems, Android Industries, and Avancez.
Who leads Voltava?
Bruce Smith serves as the Chairman and Chief Executive Officer of Voltava, guiding its strategic vision and operations.
What services does Voltava provide?
Voltava offers innovative solutions in module assembly, supply chain management, contract manufacturing, and more across various sectors.
How many employees does Voltava have?
Voltava employs approximately 5,400 individuals across 21 facilities located globally.
What is Voltava's commitment to culture?
Voltava emphasizes a people-focused culture that values collaboration, diversity, social responsibility, and operational excellence.
