Rolls-Royce Acquires Power Systems Unit
Rolls-Royce today announced the completion of its acquisition of Rolls-Royce Power Systems (RRPS). The move follows an announcement made on March 7, 2014 that the Board of Management of Daimler AG had decided to exercise the put option relating to its 50% equity interest in RRPS and the announcement on April 16, 2014 that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of €2.43 billion. John Rishton, CEO of Rolls-Royce said, “We are pleased to welcome Rolls-Royce Power Systems fully into Rolls-Royce.
Tognum Now under Rolls-Royce Power Systems Name
Effective immediately, the former Tognum AG will now operate under the name of Rolls-Royce Power Systems AG. Since March 2013, the specialist for large engines, propulsion systems and distributed energy systems has been a wholly-owned subsidiary of Rolls-Royce plc and Daimler AG, each of which has a 50% shareholding in the company via a joint venture. The group of companies with MTU Friedrichshafen GmbH as the core company has been consolidated in the Rolls-Royce Group’s results since the beginning of 2013.
Bergen Engines Becomes New Tognum Subsidiary
As of today, July 1, Norwegian engine manufacturer Bergen Engines AS becomes part of the Tognum Group. Following the acquisition of Tognum AG by the joint venture of Rolls-Royce plc. and Daimler AG, the former Rolls-Royce subsidiary Bergen Engines was merged into the Tognum Group. With that Tognum, the propulsion and power solution specialist, adds medium-speed diesel and gas engines with power outputs up to 10 MW to its engine portfolio. Tognum supplies high-speed diesel and gas engines carrying the MTU brand with power ranges of 75 to 10,000kW and 100-2,150kW respectively.
Dr. Ulrich Dohle New Head of Tognum
As announced in April, Dr Ulrich Dohle today takes up his new duties as Chairman of the Executive Board and CEO of Tognum AG. He succeeds Joachim Coers, who has left the company after nine years at his own request. In his new role, Dr Dohle will not only take on the typical duties of a CEO, such as corporate communication and strategy, but will also be responsible for R&D and quality management. In April, the Supervisory Board extended Dr Dohle's contract until December 31, 2015. He has been on the Executive Board of Tognum AG since 2009, previously holding the position of deputy CEO and CTO.
Knudsen Named Pesident, Rolls-Royce Offshore
Rolls-Royce has appointed John Knudsen as President - Offshore, in its Marine business. Knudsen will transition into his new role through January 2014. Mr. Knudsen is currently President of Bergen Engines AS. He has had a key role in transforming Bergen Engines during the divestment from Rolls-Royce Marine and integrating it into the Tognum Group. Tognum AG is a joint venture of Rolls-Royce and Daimler. John Knudsen joined Rolls-Royce in 2007 and has previously held senior positions in the Norwegian telecom equipment supplier Nera ASA.
Tognum America changes name to MTU America Inc.
Name change aligns corporate name with primary product brands MTU and MTU Onsite Energy; German holding company Tognum AG renamed Rolls-Royce Power Systems AG. Effective immediately, Tognum America Inc. has changed its name to MTU America Inc. Based in Novi, Mich., the company is responsible for the manufacture, development, sales and service of MTU engines, propulsion and drive systems and MTU Onsite Energy distributed energy systems in North and Latin America. The company also maintains manufacturing facilities in Aiken, S.C. and Mankato, Minn.
Tognum Reaches 2012 Profit Target
Specialist for propulsion and power solutions, Tognum AG, has achieved its revenue and profit targets for the full year 2012. Revenues increased slightly last year by 1.4% as expected to €3.015 billion (2011: €2.97 billion). With an adjusted EBIT of €296 million, the adjusted EBIT margin was at 9.8% (2011: 11.6%). In August of last year, Tognum specified its forecast for the full year 2012. The company subsequently announced that it anticipated growth in revenues in the lower single-digit percentage range, with an adjusted EBIT margin of around ten per cent.
NASA Flight Controller to Keynote Hi-Tech Engineering Conference
Mr. Kranz led the effort to save Apollo 13, and is a New York Times bestselling author. His book, Failure Is Not An Option (2000), chronicles his work in Mission Control, from Project Mercury through Apollo 13 and beyond. Over 75 speakers will be presenting at this year's event (in Orlando, FL on March 18) filling over 15 unique industrial sessions. The presenters come from leading companies all over the world, and include but are not limited to the following: NASA Kennedy Space Center, Sikorsky Aircraft, TLG Aerospace, Rowan Williams Davies & Irwin Inc. (RWDI), Dupont Teijin Films U.K.
Tognum Leadership Changeover
The Chairman of the Executive Board & CEO of Tognum AG, Joachim Coers, to hand over to Dr. Ulrich Dohle from July 1st, 2013. The Supervisory Board of Tognum AG regretted the decision taken by Coers, which they have accepted, and thanked him for his exceptional dedication and commitment in the past nine years. In its meeting on April 19th, the Supervisory Board elected Dr. Dohle unanimous as new Chairman of the Executive Board and CEO of Tognum AG and at the same time extended his contract to 31 December 2015. Joachim Coers joined what was then MTU Friedrichshafen in 2004.
Rolls-Royce Confirm 2013 Financial Forecasts
Rolls-Royce state that current trading is in line with expectations, and that their guidance for the full year is confirmed. Since the preliminary 2012 results in February, Rolls-Royce say they have won a US$1.6bn order from International Airlines Group (IAG) for Trent XWB engines, with long-term TotalCare® service support, to power 18 Airbus A350-1000 aircraft; they have also signed multiple contracts to provide and service military transport engines for the US Air Force and US Marine Corps…
Voith Taps Reinhardt as President & CEO
Carsten J. Reinhardt Becomes Member of the Corporate Board of Management of Voith GmbH and President and CEO of Voith Turbo GmbH & Co. KG. Heidenheim, Germany June 14, 2012 – This is to announce the appointment of Carsten J. Reinhardt as Member of the Corporate Board of Management of Voith GmbH and as President and CEO of Voith Turbo GmbH & Co. KG. As of July 1, 2012, Reinhardt will succeed Dr. Hubert Lienhard who had held this function since January 1, 2012 in addition to his office as President and CEO of the Corporate Board of Management of Voith GmbH.
Tognum & Rolls Royce Cooperate on Two Power, Propulsion, Contracts
The first delivery comprises twelve MTU 16V 4000 M63 engines destined for Camorim, the Brazilian shipping company. Twin MTU engines will be used to power Rolls-Royce propeller-rudder systems on a total of six tug boats. Each engine in this order delivers power of 2,000kW, and its value lies at some three million euros to Tognum. The tug vessels will mainly be used in offshore oil production operations carried out by Petrobas, the petroleum producer in Rio de Janeiro/Macae. The second order is from Fjellstrand, the Norwegian shipyard.
Ailing German Shipyard Appoints New CEO
Rüdiger Fuchs to become new Chief Executive Officer of P+S Werften, aims to re-define the German shipyard's business model. The experienced industry manager and qualified engineer (Daimler Group, Airbus and Sietas Group) will take over management of the company from Dr. Dieter Brammertz, who is leaving P+S as planned. The change is taking place after the European Commission has approved the rescue aid granted preliminarily by the German State of Mecklenburg-Pomerania. Rüdiger Fuchs (46): “I represent a new start at P+S Werften.
Rolls-Royce's Technology Management Skills Recognised
Rolls-Royce recognised as one of the best in Europe for 'Technology Management' by the Fraunhofer Institute for Production Technology. The 'Successful Practice Award' was presented recently at a ceremony held in Vaals, the Netherlands. Rolls-Royce, which has invested over £7.5 billion in the last ten years on Research and Development, was commended for its long-term strategic approach to technology development. Also highlighted were its network of University Technology Centres…
Kirby Corporation Announces 2011 First Quarter Results
Houston, Texas (April 27, 2011) – Kirby Corporation (“Kirby”) (NYSE:KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2011 of $32.4 million, or $.60 per share, compared with $24.7 million, or $.46 per share, for the 2010 first quarter. The 2010 first quarter net earnings included a charge for retirements and shore staff reductions of $4.1 million before taxes, or $.05 per share. Kirby’s published 2011 first quarter earnings guidance range was $.56 to $.61 per share.
Tognum to Reduce Size of Executive Board
In January 2011, the first step taken by Tognum to establish a new global sales organisation came into force. The new organization is designed to improve the service and support provided for the company’s existing customers and above all to acquire new customers worldwide for its broadly diversified product portfolio. Peter Kneipp (53) joined MTU Friedrichshafen in 1989 as a project manager for marine propulsion systems. At an early stage in his career, Peter Kneipp was involved in projects that enabled him to acquire experience in the Asia-Pacific region…