Rolls-Royce Acquires Scandinavian Electric Company
Rolls-Royce recently announced its intention to acquire Scandinavian Electric Holding, a Norwegian supplier of system packages for hybrid and diesel-electric marine propulsion systems, continuing its growth strategy in the marine market. Rolls-Royce will purchase 100 per cent of the equity of Scandinavian Electric Holding (SEH) subject to regulatory approval from the Norwegian competition authorities. The company will form part of the Rolls-Royce marine business.
The acquisition is expected to increase the sales of Rolls-Royce ship design and equipment packages, especially in the offshore sector, by adding new electrical, automation and control capabilities. This will boost the company's existing ship systems capabilities as the market moves towards greater use of diesel-electric propulsion.
“The acquisition of Scandinavian Electric Holding has added to our power electric systems capability and improved the flexibility of our propulsion systems,” said Oddbjørn Eliassen, the company’s President-Merchant. “Using Active Front End electric drives creates a seamless power take-out from the LNG powered main engine and use of diesel electric generators to provide redundancy and power boost. Rolls-Royce can now deliver LNG fuelled systems from the bunkering flange to the propeller thrust.”
Scandinavian Electric Holding (SHE) currently employs 150 people, in Bergen, Norway, and Gdansk, Poland, and recorded sales of US$66 million in 2007 and has a current order book of US$164 million. SEH has a strong track record in offshore supply and service vessels, and will extend system design capability for Rolls-Royce UT Design offshore support and service vessels. The company's capabilities will also be extended to provide new systems offerings in the wider merchant shipping and offshore exploration and production market.
For more information: www.rolls-royce.com