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 »Archive »

Dominion Seeks To Expand Capacity Of PA Natural Gas Pipeline

Dominion Transmission plans to increase the capacity of a natural gas pipeline that runs through the Chambersburg, Pennsylvania area, a move that would cost US$210 million.

National Fuel To Build Compressor Station In Town Of Hinsdale

National Fuel Gas Supply recently received approval from the Federal Energy Regulation Commission (FERC) to construct a new compressor station in the Town of Hinsdale, New York.

Circor Energy Names Erik Wiik President

Erik Wiik has joined CIRCOR Energy as group president. Wiik was previously at Aker Solutions for 24 years, where he managed groups of businesses delivering advanced subsea technology to the global oil and gas industry.

HiPower Systems Signs New Distributor

HiPower Systems, a manufacturer of power generation and power distribution equipment in the U.S. and Canada, has signed RDO Equipment Co. to be a distributor in North Dakota, South Dakota, Minnesota and eastern Montana.

Altenesol Completes 15-Year LNG Contract

IAHL Corp. announced that its subsidiary, Altenesol LNG Colombia S.A.S., has finalized a 15 year take-or-pay agreement for its first LNG train.