Rolls-Royce bids for diesel engine maker Tognum
In response to media speculation, power systems giant Rolls-Royce confirmed today (7 March) that it was, together with Daimler AG, in discussions about the possibility of acquiring the majority of the German heavy diesel engine manufacturer Tognum (pictured).
A statement from Rolls said: "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.
