History
Roots of Moventas go back as far as 19th century rapid industrial expansion. Moventas gears come with a long heritage that includes well-known brand names like Sauerwald, Santasalo, Wärtsilä, Valmet, Parkano Gears and Metso.
1887 Special business for electric light and power plants – company founded at Wuppertal-Bramen in Germany producing drives for textile machinery. 1910 it got it's name SAWA, according to the engineer Fritz Sauerwald.
1938 Gearwheel manufacturing begun in Rautpohja factory in Jyväskylä, Finland
1941 Santasalo Oy drive manufacturing company founded in Finland
1950 Valmet Oy founded in Finland for top machinery and gear technology production
1967 Parkano Oy was founded for ferry and radiator production
1980 Manufacturing of Wärtsilä gears devolved to Valmet Oy
1980 First wind turbine gear box delivery from Valmet Power Transmission in Rautpohja, Jyväskylä, Finland
1992 Santasalo acquired SAWA of Germany
2000 Santasalo Gears Oy founded from Parkano Works, Valmet Power Transmission and Santasalo
2001 Santasalo Gears renamed as Metso Drives Oy
2005 CapMan Oyj acquired Metso Drives Oy from Metso Oyj. The company was named Moventas.
2007 IK Investment Partners became the majority owner of Moventas
2010 Moventas Parkano divested. Buyer is Takoma Oyj.
2011 Holding company Moventas Ltd is filed for bankcruptcy, subsidiaries Moventas Wind Ltd and Moventas Santasalo continue business operations and enter corporate restructuring. On 14 November, industrial engineering group Clyde Blowers announces acquisition of both Moventas companies.