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Rolls-Royce signs agreement to sell its Bergen Engines business to Langley Holdings


Rolls-Royce signs agreement to sell its Bergen Engines business to Langley Holdings
7:23 am
Rolls-Royce Holdings plc (LON:RR) has signed an agreement to sell its Bergen Engines medium speed liquid fuel and gas engines business to global engineering group Langley Holdings plc for an enterprise value of €63m. Langley is funding the deal, together with working capital requirements for the Bergen business going forward, from existing cash reserves.
The agreed sale of Bergen Engines is a part of our ongoing portfolio management to create a more focused group and follows a strategic review of Bergen Engines. It contributes towards our target to generate at least £2bn from disposals, as announced last year. Sale proceeds of €70m from the transaction together with €40m of cash currently held within Bergen Engines which is to be retained by Rolls-Royce, will be used to help rebuild the Rolls-Royce balance sheet in support of our medium-term ambition to r ....

United Kingdom , Argyll And Bute , Jon Erik , Warren East , Anthony Langley , Royce Holdings , Langley Holdings , Langley Group , United Kingdom Ministry Of Defence , Rolls Royce Holdings , Bergen Engines , United Kingdom Ministry , Kongsberg Maritime , Managing Director , ஒன்றுபட்டது கிஂக்டம் , ஆர்கில் மற்றும் ப்யூட் , ஜான் ஏறிக் , வாரன் கிழக்கு , அந்தோணி லாங்லி , ராய்ஸ் ஹோல்டிங்ஸ் , லாங்லி ஹோல்டிங்ஸ் , லாங்லி குழு , ஒன்றுபட்டது கிஂக்டம் அமைச்சகம் ஆஃப் பாதுகாப்பு , சுருள்கள் ராய்ஸ் ஹோல்டிங்ஸ் , பெர்கன் இயந்திரங்கள் , ஒன்றுபட்டது கிஂக்டம் அமைச்சகம் ,

Rolls-Royce divests Norwegian plant after military concerns blocked previous sale


By David Kaminski-Morrow2021-08-04T07:23:00+01:00
Rolls-Royce is progressing with its strategy to raise some £2 billion from divestments, having agreed to sell a non-core Norwegian gas and diesel powerplant business to engineering group Langley Holdings.
The sale of Bergen Engines – which has strong links to Kongsberg Maritime – has been achieved five months after the Norwegian government interrupted a previous planned sale to TMH Group.
Norway’s government blocked the sale at the end of March this year over TMH Group’s links with Russian entities, citing the need to ensure that national security interests were not threatened.
It pointed out that the technology in Bergen Engines’ possession would have “great military strategic significance” to Russia and would strengthen Russia’s military capabilities. ....

Langley Holdings , Bergen Engines , Kongsberg Maritime , Bergen Engine , லாங்லி ஹோல்டிங்ஸ் , பெர்கன் இயந்திரங்கள் , கொங்ஸ்பெர்க் கடல் , பெர்கன் இயந்திரம் ,

Rolls-Royce to sell engine division for £53m - after earlier Russia deal blocked on security grounds


Rolls-Royce to sell engine division for £53m - after earlier Russia deal blocked on security grounds
Previous deal to sell business to Russian-based TMH Group for 150m euros was blocked last spring
09:50, 4 AUG 2021
Updated
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United Kingdom , Argyll And Bute , Jon Erik , Warren East , Anthony Langley , Rolls Royce , Langley Holdings , United Kingdom Ministry Of Defence , Norway Based Bergen Engines , Kongsberg Maritime , Bergen Engines , United Kingdom Ministry , ஒன்றுபட்டது கிஂக்டம் , ஆர்கில் மற்றும் ப்யூட் , ஜான் ஏறிக் , வாரன் கிழக்கு , அந்தோணி லாங்லி , சுருள்கள் ராய்ஸ் , லாங்லி ஹோல்டிங்ஸ் , ஒன்றுபட்டது கிஂக்டம் அமைச்சகம் ஆஃப் பாதுகாப்பு , நோர்வே அடிப்படையிலானது பெர்கன் இயந்திரங்கள் , கொங்ஸ்பெர்க் கடல் , பெர்கன் இயந்திரங்கள் , ஒன்றுபட்டது கிஂக்டம் அமைச்சகம் ,

Kongsberg to test Protector RT60 remote turret mounted on Boxer 8x8 armored vehicle | Defense News August 2021 Global Security army industry | Defense Security global news industry army year 2021

Tyssenkrupp Marine Systems Bags Largest Order in History


Tyssenkrupp Marine Systems Bags Largest Order in History
thyssenkrupp Marine Systems has officially been commissioned to build six identical Type 212CD submarines. The procurement
28 Jul, 2021, 4:30 am
thyssenkrupp Marine Systems has officially been commissioned to build six identical Type 212CD submarines. The procurement organizations of Norway and Germany signed the corresponding contracts. Worth approximately EUR 5.5 billion, the order comprises the delivery of two submarines to the German Navy and four to the Norwegian Navy. thyssenkrupp Marine Systems CEO Dr Rolf Wirtz said “The 212CD order is a major milestone. The Norwegian and German navies are getting the most modern submarines in the world, international and industrial teamwork will permanently shape cooperation in the maritime sector, and we have created capacity utilization for our company. Today is a good day for our employees and for thyssenkrupp!” ....

Rolf Wirtz , Kongsberg Defence Aerospace , German Navy , Norwegian Navy , Marine Systems , Kongsberg Defence , ரோல்ஃப் வர்ட்ஸ் , கொங்ஸ்பெர்க் பாதுகாப்பு விண்வெளி , ஜெர்மன் கடற்படை , நோர்வே கடற்படை , கடல் அமைப்புகள் , கொங்ஸ்பெர்க் பாதுகாப்பு ,