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  • Rolls-Royce completes deal to sell its energy gas turbine and compressor business to Siemens
    édité le 01/12/2014 - Plus de news de "Rolls-Royce" - Voir la fiche entreprise de "Rolls-Royce"


Rolls-Royce completes deal to sell its energy gas turbine and compressor business to Siemens
Rolls-Royce confirmed today that it has completed the deal to sell its Energy gas turbine and compressor business to Siemens for a £785 million cash consideration. The deal was originally announced on 6 May this year.

Rolls-Royce has also received a further £200 million for a 25 year licensing agreement, as previously announced, granting Siemens access to relevant Rolls-Royce aero-derivative technology for use in the 4 to 85 megawatt power output gas turbine range.

As announced on 19 June, Rolls-Royce will return the proceeds of the Energy sale to shareholders by way of a £1bn share buyback. Further details will be announced as appropriate.

About Rolls Royce

Some parts of the Energy business will continue to be legally owned by Rolls-Royce on an interim basis. This will not affect the consideration paid and or the financials of the remaining business. The deal is subject to customary closing adjustments.
Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Land & Sea. These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.
Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,200 power and nuclear customers.
Our business is focused on the 4Cs:
- Customer – placing the customer at the heart of our business
- Concentration – deciding where to grow and where not to
- Cost – continually looking to increase efficiency
- Cash – improving financial performance.
Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £70.4 billion at 30 June 2014.
In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers. The Energy businesses being transferred to Siemens have just under 2,100 permanent employees.
The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.

About Siemens

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €74.4 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations.


Origine : Communiqué Rolls-Royce

Voir la fiche entreprise de "Rolls-Royce"



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