Rolls-Royce Power Systems AG (formerly Tognum AG) is a German company owned by

Rolls-Royce Holdings Rolls-Royce Holdings plc is a British Multinational corporation, multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and dist ...

with holdings in engine manufacturing brands and facilities. The company previously traded, from 2006 to 2014, as Tognum AG. Prior to 2006, the core company – MTU Friedrichshafen GmbH – was a constituent of

DaimlerChrysler Mercedes-Benz Group AG (formerly Daimler-Benz, DaimlerChrysler, and Daimler) is a German multinational automotive company headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-B ...

Powersystems Off-Highway.

History

Tognum AG was formed when

private equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. ...

EQT IV acquired in late 2005 several Off-Highway divisions of

. All units are to assume the corporate brand, but will otherwise operate independently."MTU Group To Operate Under New Name Tognum GmbH
" ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

''. 12 July 2006. The company went public on 2 July 2007, listed in the Prime Standard segment of the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

. EQT retained a minority share of 22.3% until April 2008, when it was sold to

Daimler AG Mercedes-Benz Group AG (formerly Daimler-Benz, DaimlerChrysler, and Daimler) is a German multinational automotive company headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-B ...

and Daimler AG launched a

takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisi ...

for Tognum in March 2011. The two companies announced on 24 June 2011 that their joint €3.4 billion

tender offer In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corp ...

had been successful, with 94% of Tognum shareholders accepting. Once the acquisition was complete, Tognum was run as a 50-50

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

, with Rolls-Royce merging its Bergen Marine diesel engines unit into the operation. The acquisition of Tognum by the two companies was completed in September 2011 and the business continued to trade as Tognum AG until January 2014, when it was renamed Rolls-Royce Power Systems AG. Rolls-Royce Holdings confirmed in March 2014 that they would purchase Daimler AG's 50% stake in the joint venture. Daimler AG will continue to supply engines to Rolls-Royce as part of existing long term supply agreements which run to 2025, this results from smaller MTU engines being derived from Daimler AG's range of diesel engines used in their on-highway commercial vehicles. Rolls-Royce will fund the acquisition through a mixture of cash and some borrowing, paying Daimler AG around £1.9 billion (€2.3 billion) for their stake in the business. Analysts expect the deal to add between 5 and 6% to Rolls-Royce earnings. Daimler AG will use the proceeds to fund investments in their core automotive business.

Operating brands

* MTU Friedrichshafen * MTU Onsite Energy * MTU

America The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

Mercedes-Benz Mercedes-Benz (), commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG (a subsidiary of the Mercedes-Benz Group, established in 2019) is based in Stuttgart, ...

industrial engines * L'Orange GmbH * Bergen Engines AS There is also a joint venture with Transmashholding, called MTU Transmashholding Diesel Technologies; it will produce MTU 4000-series engines at a factory near

Kolomna Kolomna (, ) is a historic types of inhabited localities in Russia, city in Moscow Oblast, Russia, situated at the confluence of the Moskva River, Moskva and Oka Rivers, (by rail) southeast of Moscow. Population: History Mentioned for the fir ...

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

MTU Onsite Energy

MTU Onsite Energy, a Rolls-Royce Power Systems brand, provides a range of generator systems in both gas and diesel for emergency and standby power needs.

MTU Onsite Energy Distributors

# United Engines # Pacific Power Group - "Pacific Power Group is now the distributor for MTU Onsite Energy in Alaska, Hawaii, Idaho, Washington and Oregon. The company also offers extended service throughout the Western U.S". In January 2016, Pacific Power Group was awarded exclusive distributorship in Alaska, which had been previously shared with another distributor. # Stewart & Stevenson Power Products # Wajax Power Systems # Collicutt Energy Services # Antilles Power Depot # Curtis Power Solutions

MTU Onsite Energy Projects

* Oceanic Time Warner Cable Hawaii - Oceanic Time Warner currently uses MTU Onsite energy for its backup power and power generation systems. Currently, Time Warner Cable has about 15 MTU Onsite Energy 50, 250, and 350 kW diesel gen-set and transfer switches for location on Oahu and the Big Island. * Daimler Trucks North America - In 2014, Daimler Trucks started construction on a brand new 268,000 square-foot corporate headquarters in Portland, OR. MTU Onsite Energy 600 kWe generators were installed as the back-up power system.

Marine engines

Diesel engines

* Bergen B series * Bergen C series * Bergen K series * Crossley Pielstick

Reciprocating engines

* Bergen B series * Bergen K series

References

External links

* {{Authority control Power Systems Engineering companies of Germany German brands Companies formerly listed on the Frankfurt Stock Exchange Mercedes-Benz Group joint ventures Companies based in Friedrichshafen Diesel engine manufacturers Marine engine manufacturers Locomotive engine manufacturers Electrical generation engine manufacturers Gas engine manufacturers