Edit ModuleShow Tags

Siemens Buys Rolls-Royce Compressor Unit

US$1.32 billion sale includes gas turbine line


Published:

Rolls-Royce is selling its energy gas turbine and compressor business to Siemens for US$1.32 billion. The deal is expected to close before the end of the year.

Rolls-Royce will receive a further US$340 million for a 25-year licensing agreement, granting Siemens access to relevant Rolls-Royce aero-derivative technology for use in the 5364 to 114,000 hp (4 to 85 MW) gas turbine range. Rolls-Royce’s energy gas turbine and compressor business has 2400 employees.

Rolls-Royce’s share of the Rolls Wood Group (RWG) joint venture, which provides maintenance, repair and overhaul services, will be transferred to Siemens.

John Rishton, Rolls-Royce CEO, said, “This agreement … allows Rolls-Royce to concentrate on the areas of business where we can add most value.”

More than 4800 Rolls-Royce aero-derivative gas turbines have been sold worldwide. More than 1700 compressors, rated up to 50,000 hp (37 MW), have been installed.

Edit ModuleShow Tags

Archive »Recent Articles

GE’s CNG In A Box Finds Home In Colorado CNG Station

Weld County, Colorado, welcomed its seventh public compressed natural gas (CNG) station, which is also the first in the area to feature GE’s CNG In A Box modular system, according to Sparq Natural Gas.

EIA: Most Locations See Nat Gas Price Drop

Natural gas spot prices dropped at most locations during the July 13 to July 20 report week, according to the U.S. Energy Information Administration (EIA).

Petrobras Looks To Scale Back

Petrobras, a Brazilian oil corporation, plans to sell or share control of its pipelines and open its liquefied natural gas (LNG) terminals to third parties as part of a plan to scale back its role in the state’s natural gas industry.

J-W Energy Exits Midstream, Upstream Markets

J-W Energy Co. has sold all of its oil and gas and midstream assets to affiliates of Aethon United LP, signaling an end to the company’s run in the upstream and midstream markets.

Siemens To Power The Missing Link

Siemens received an order from the Trans Adriatic Pipeline consortium for six, 15 MW turbo compressor trains. The equipment will be used in the Trans Adriatic Pipeline (TAP), which is part of the Southern Gas Corridor in Europe.