Upper Austrian group benefits from electricity demand in data centers

The main growth driver for the company was the areas of energy generation, transmission, storage and use. Miba supplies important components for Wind turbines, hydroelectric power plants, solar systems as well as efficient power grids with low transmission losses.

This business area has been over in the last three years 75 percent grown. It’s carrying with me now more than 230 million euros around 20 percent contributes to sales, according to a press release.

Plain bearing technology for data centers

There is great demand due to the growing electricity requirements of data centers for artificial intelligence (AI). In the USA, operators would sometimes generate electricity directly on site because public networks reach their limits. This would come Motors and turbines with plain bearing technology the Miba is used. Also in emergency generators Miba plain bearings are installed in these data centers.

According to Miba, further growth areas include solutions for clean ship engines and aviation. The shipping business declined in the previous year 10 percent to and have in three years doubled.

The expansion of the product range is intended to reduce dependence on individual industries. 62 percent of sales came from the previous year Industrial goods market. Miba generated 38 percent in the Automotive industry.

54 million euros for research and development

Miba invested in the financial year 54 million euros in Research and Development. That corresponds to one R&D rate of 4.5 percent. For 22 new inventions Patents were registered for the first time. According to Miba’s own information, overall, the company’s holdings are worldwide 830 Patent. Around 300 of the 7,400 employees worldwide work in research and development.

Die Equity ratio rose according to Miba 60.9 percentafter 58.3 percent the year before. “Our great financial independence creates the necessary scope for future investments,” says Miba’s CEO F. Peter Mitterbauer. The company does not disclose any earnings figures.