MAN set to merge MAN Diesel and MAN Turbo units

14 July 2009 - MAN Diesel SE and MAN Turbo AG are to work more closely together in future with the aim of forming a merger with each other under corporate law.

By combining the complementary product portfolios, the merged company will strive for further growth, cost optimization and a stronger position in its respective market segments.

"This will allow the MAN Group to combine the engine and power plant expertise of the Diesel Engines business with the compressor and turbine technology of the Turbomachinery business to form a strong Power Engineering unit for the long term," says Håkan Samuelsson, Chairman of the Executive Board of MAN SE.

MAN Diesel is the world's leading provider of large-bore diesel engines for use in ships and power plants, while MAN Turbo specializes in the development and construction of compressors, gas and steam turbines.

By combining these two MAN areas, the merged company will in future be able to offer its customers product packages such as turnkey DCC power plants (Diesel Combined-Cycle), for example, or waste heat recovery systems for marine applications.

"As well as expanding the product range, the integration of the two MAN companies provides further benefits, for instance in terms of costs. Joint global purchasing or joint use of existing production sites are two examples of this," says Georg Pachta-Reyhofen (Dr.-Ing.).

The Chairman of the Executive Board of MAN Diesel SE is to perform the same role in an amalgamated company. The Chairman of the Executive Board of MAN Turbo AG, Klaus Stahlmann, is to become Deputy Chairman of the Executive Board.

He too sees many benefits in the merger: "The cooperation will significantly strengthen our competitive position worldwide. Diverse synergies can be harnessed, e.g. through joint sales activities, improved knowledge transfer and a standardized image for the after-sales services under the brand name MAN | PrimeServ."

The takeover of VW's commercial vehicles activities in Brazil – now MAN Latin America – on January 1, 2009 has provided a significant boost to the commercial vehicles segment within the MAN Group. The amalgamation of MAN Diesel and MAN Turbo will now offer a useful counterbalance to this.

The new combination will have annual revenue of around EUR4bn ($5.6bn) and employ a workforce of approx. 12 000 worldwide. Its headquarters will be in Augsburg.

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Power Industry Wire News

Report Finds Adults With Disabilities Continue to Be Economically Shortchanged Despite ADA's Guarantee

Report Finds Adults With Disabilities Continue to Be Economically Shortchanged Despite ...

Envision Solar Announces First Digital Out Of Home (DOOH) Advertising EV ARC(TM) for FIAT

Envision Solar Announces First Digital Out Of Home (DOOH) Advertising EV ARC(TM) for FIAT

Scorpio Bulkers Inc. Announces a Commitment for a $540 Million Loan Facility and an Update on the Financing of Its Fleet

Scorpio Bulkers Inc. Announces a Commitment for a $540 Million Loan Facility and an Upd...

Pacific Energy Development Provides Drilling Plan Update and Announces Debt Conversions

Pacific Energy Development Provides Drilling Plan Update and Announces Debt Conversions

2014 National Advanced Biofuels Conference & Expo Announces Agenda

2014 National Advanced Biofuels Conference & Expo Announces Agenda

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>