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Rolls-Royce completes acquisition of RRPS/Tognum

27 August 2014

Rolls-Royce announced the completion of its acquisition of Rolls-Royce Power Systems (RRPS), the manufacturer of MTU engines that previously operated as Tognum AG.

This follows the announcement of March 2014 that Daimler AG had decided to exercise the put option relating to its 50% equity interest in RRPS and the announcement of April 2014 that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of 2.43 billion euros.

John Rishton, CEO of Rolls-Royce said “We 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.”

RRPS is a manufacturer of reciprocating engines, propulsion and distributed energy systems. It is headquartered in Friedrichshafen in Southern Germany and employs around 11,000 people. The main product lines include MTU high-speed engines, MTU Onsite Energy distributed energy systems, Bergen medium-speed engines and L’Orange fuel-injection systems.

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, said Rolls-Royce. MTU markets the off-highway versions of these truck-derivate engines to customers in the construction, industrial and agricultural markets.

Source: RRPS