Rolls-Royce Completes Acquisition Of Rolls-Royce Power Systems
MTU high-speed engines, MTU Onsite Energy distributed energy systems, Bergen medium-speed engines, L’Orange fuel-injection systems now full members of Rolls-Royce family
The acquisition of Rolls-Royce Power Systems (RRPS), which previously operated as Tognum AG, has been completed by Rolls-Royce.
This follows the March 2014 announcement 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 April 2014 announcement that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of €2.43 billion.
RRPS specializes in reciprocating engines, propulsion and distributed energy systems. The company is headquartered in Friedrichshafen in southern Germany and employs around 11 000 people.
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, the company said. MTU markets the off-highway versions of these truck-derivate engines to customers in the construction, industrial and agricultural markets.