Rolls-Royce sells gas turbine and compressor business to Siemens

Rolls-Royce sells gas turbine and compressor business to Siemens

Rolls-Royce said it has completed the deal to sell its Energy gas turbine and compressor business to Siemens for £785 million.

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, granting Siemens access to relevant Rolls-Royce aero-derivative technology for use in the 4 to 85 megawatt power output gas turbine range.

As reported earlier in June, Rolls-Royce will return the proceeds of the Energy sale to shareholders by way of a £1bn share buyback.

Press Release; Image: Rolls-Royce

Share this article

Follow LNG World News

2 thoughts on “Rolls-Royce sells gas turbine and compressor business to Siemens”

Comments are closed.

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >