Rolls-Royce and Daimler AG note speculation regarding a possible acquisition of Tognum AG in equal shares
Monday, 7 March 2011
Rolls-Royce Group plc confirms that, together with Daimler AG, it is in discussions about the possibility of acquiring the majority of Tognum AG in equal shares. Currently, constructive discussions with the Supervisory Board and Management Board of Tognum are being held. Daimler AG already owns a 28,4% equity interest in Tognum AG, a leading supplier of engines and powertrains for the global marine propulsion, distributed power generation and industrial “off highway” sectors.
No final decisions on a possible acquisition have been made.