Rolls-Royce acquires remaining share of Europea Microfusioni Aerospaziali from Finmeccanica
Thursday, 28 January 2010
Rolls-Royce, the global power systems company, has strengthened its position in Italy by acquiring the remaining 49% share in Europea Microfusioni Aerospaziali SpA (EMA) from Finmeccanica, taking its holding in the Italian company to 100%.
EMA, originally established in 1990, manufactures precision advanced micro-castings for aero engines, including those that power the Airbus A380 and will power the new Boeing 787.
Giuseppe Ciongoli, Rolls-Royce Regional Director - Italy, said: “Over recent years, EMA has developed into an important technology company and this transaction underscores Rolls-Royce’s commitment to high value added manufacturing and to advanced manufacturing in Italy.”
Through EMA, Rolls-Royce has brought skilled industrial job opportunities to an area of Southern Italy that previously offered limited specialised opportunities. The growth of EMA over the past decade has contributed to revitalising the local economy.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
- Rolls-Royce employs over 38,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
- Research and development is carried out in facilities in the UK, Canada, Germany, Singapore, the US and Scandinavia and the Group has particularly strong relationships with the 27 Rolls-Royce University Technology Centres worldwide.
- In 2008, Rolls-Royce invested £885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
- Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent came from services revenues. The firm and announced order book stood at £57.5 billion at 30 June 2009, providing visibility of future levels of activity.
- The primary clients of EMA are Rolls-Royce and Ansaldo Energia. For the past three years EMA has been making blades for large Ansaldo turbines, while the company has been manufacturing turbine blades for Rolls-Royce since it opened. Aircraft powered by Rolls-Royce engines with EMA blades include the Boeing 787 and Airbus A380 in addition to the Boeing 757, 767 and 747, Gulfstream executive jets, Eurofighter and various other military planes and helicopters.
- EMA currently employees 390 people at a state-of-the-art, purpose-built plant on a 60,000 sq. m. site, including 15,000 sq. m. of covered space.