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

Related Articles

Maryland's Newest Casino Takes a Creative Approach to Power

Learn about how a new CHP system installed at Baltimore's Horseshoe Casino uses captured heat from the engine's jacket water and exhaust systems to more than double energy efficiency.

Check out these highlights during Power Generation Week

More than 22,000 industry professionals from around the world gathered in Orlando for Power Generation Week, where innovative and cost-effective solutions for maintaining, operating and building new power generation were shared. More than 1,400 exhibiting companies from every sector of the industry showcased their products and services on the exhibit floor.

Follow Power Engineering on Twitter
Latest News
France energy bill boosts renewables, cuts nuclear

French bill seeks to boost renewable energy, cut nuclear use

France's lower house of parliament has approved a bill aimed at boosting renewable energy and...
Duke Energy W.C. Beckjord coal-fired power plant

Shut down coal-fired power plant to house energy storage system

Duke Energy (NYSE: DUK) is teaming with LG Chem and Greensmith to convert a shut down coal-fi...
Areva's European Pressurized Reactor (EPR)

EDF offers Areva $2bn offer for nuclear reactor unit

EDF has offered Areva a €2 billion ($2.2 billion) approach for Areva’s nuclear reactor busine...
Beaver Valley nuclear power plant in Pennsylvania

Beaver Valley nuclear unit returns to service

Unit 1 at the Beaver Valley nuclear power plant in Pennsylvania returned to service following...
Beacon Power Chugach Electric Association flywheel and battery storage systems

Beacon Power teams on energy storage systems in Alaska

Beacon Power, a manufacturer of flywheel energy storage systems, signed an agreement to suppl...
Entergy's Pilgrim nuclear power plant in Massachusetts

Pilgrim nuclear plant back online after $70M upgrade

The only nuclear power plant in Massachusetts is back on line after a $70 million, monthlong,...
Indian Point Unit 3 nuclear power plant in New York

Indian Point 3 returns to service following transformer fire

Indian Point Unit 3 in New York returned to service more than two weeks after a transformer f...
Susquehanna Unit 2 back online after refueling outage

Susquehanna nuclear Unit 2 completes refueling outage

Unit 2 at PPL’s (NYSE: PPL) Susquehanna nuclear power plant in Pennsylvania has returned to o...

Power Engineering Current Issue

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

Archived Articles

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

Power Industry Wire News

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free NDT Job Training to Vets, Disadvantaged Young Adults

MIC President Marybeth Miceli Named to AATA Board of Directors; AATA to Provide Free ND...

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Alexium Anticipates Potential Addressable Revenue of More Than US$10M for 2015

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tech Talent

Upcoming Greenhouse Webinar Teaches Companies How to Engage Engineers in Hiring Top Tec...

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Perma-Fix Environmental Services to Present at the Marcum MicroCap Conference

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possible Delisting

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possi...

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 >>