Siemens acquires Rolls-Royce Energy gas turbine business for €950M

Siemens is buying the Rolls-Royce Energy aero-derivative gas turbine and compressor business for £785 million (€950 million). The transaction is expected to close before the end of December 2014, subject to regulatory approvals.

“Global energy giant Siemens is buying the Rolls-Royce Energy aero-derivative gas turbine and compressor business, which will strengthen the company's position in the growing oil and gas industry as well as in the field of decentralized power generation.”energydigital.com

• 2 sources
• energydigital.comSiemens Acquires Gas Turbine Business from Rolls Royce | Energy DigitalMay 17, 2020
• news.siemens.comSiemens acquires UltraSoC to drive design for silicon lifecy | SiemensJun 23, 2020

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