Rolls-Royce has completed the acquisition of Rolls-Royce Power Systems (RRPS).
Headquartered in Friedrichshafen, Germany, Rolls-Royce services approximately 1,600 energy and nuclear customers.
“We are pleased to welcome Rolls-Royce Power Systems fully into Rolls-Royce,” said John Rishton, CEO of Rolls-Royce. “The business adds scale and capability to our reciprocating engines portfolio. It has outstanding technology, operates in long-term growth markets and has proved a valuable addition to our Marine & Industrial Power Systems division.”
Previously Tognum AG, RRPS provides reciprocating engines, gas turbines and distributed energy systems.
“With our well-known MTU high-speed engines, MTU Onsite Energy distributed energy systems, Bergen medium-speed engines and L’Orange fuel-injection systems, we are proud that we are now a full member of the Rolls-Royce family and look forward to contributing to its success,” said Ulrich Dohle, CEO of Rolls-Royce Power Systems.
In May, Rolls-Royce announced an agreement with Siemens (NYSE: SI) to sell its energy gas turbine and compressor business for a $1.3 billion cash consideration. The transaction is expected to be completed by December, when Rolls-Royce will receive nearly $330 million for a 25 year licensing agreement.
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