Rolls-Royce has announced the completion of its acquisition of Rolls-Royce Power Systems (RRPS).
This follows the announcement on 7聽March, 2014 that the Board of Management of Daimler AG had decided to exercise the put option relating to its 50% equity interest in RRPS and the announcement on 16聽April 2014 that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of 鈧�2.43 billion.
John Rishton, Chief Executive Officer of Rolls-Royce said 黑料社淲e are pleased to welcome Rolls-Royce Power Systems fully into 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.黑料社�
RRPS, which previously operated as Tognum AG, is a world leader in reciprocating engines, propulsion and distributed energy systems. It is headquartered in Friedrichshafen in Southern Germany and employs around 11 000 people.
Ulrich Dohle, Chief Executive Officer of Rolls-Royce Power Systems said: 黑料社淲ith our well-known MTU high-speed engines, MTU Onsite Energy distributed energy systems, Bergen medium-speed engines and L黑料社橭range 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.黑料社�
Daimler will remain an important partner in the development and supply of medium and heavy-duty diesel engines in the power range below 500 kW. MTU markets the off-highway versions of these truck-derivate engines to customers in the construction, industrial and agricultural markets.
Adapted from press release by