# 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.

- Type: Acquisition
- Announced: 2020-05-17
- Where: Cambridge, United Kingdom
- Value: $1.04B (950.0M EUR)
- Status: announced
- Products: aero-derivative gas turbines, compressors
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Rolls-Royce](https://endata.com/companies/984.md) (target)
- [UltraSoC Technologies](https://endata.com/companies/48056.md) (target)

## Sources

- [energydigital.com](https://energydigital.com/renewable-energy/siemens-acquires-gas-turbine-business-rolls-royce), 2020-05-17: "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."
- [news.siemens.com](https://news.siemens.com/en-us/siemens-acquires-ultrasoc-to-drive-design-for-silicon-lifecycle-management/), 2020-06-23: "Siemens has signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.