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Tognum, Daimler<br />
and Rolls-Royce:<br />
using growth opportunities<br />
together<br />
Daimler and Rolls-Royce will shortly take over Tognum AG – as soon as<br />
the final legal obstacles have been negotiated. It is a move that will <strong>of</strong>fer<br />
Tognum greater opportunities for growth, because, as a joint subsidiary <strong>of</strong><br />
Daimler and Rolls-Royce, Tognum will be able to combine the technological,<br />
support and system engineering expertise and the market access <strong>of</strong><br />
all three corporations. The <strong>MTU</strong>, <strong>MTU</strong> Onsite Energy and L’Orange brands<br />
and the Tognum name are to be retained.<br />
The plan envisages that Rolls-Royce’s Bergen business in Norway will<br />
become part <strong>of</strong> the new joint venture. It includes medium-fast diesel engines,<br />
gas engines and gensets. Thus, the Tognum product portfolio will<br />
expand and, with it, the corporation’s market presence – especially in<br />
the marine and decentralized energy generation application sectors. Added<br />
to that, the expansion <strong>of</strong> the market presence through shared service<br />
networks with Daimler is on the agenda. The collaboration successfully<br />
operated for decades with Daimler in the lower power sector will continue<br />
with the Series 1000, 1100, 1300 and 1500 engines.<br />
Daimler, Rolls-Royce and Tognum set down the key points for collaboration<br />
in a joint basic agreement in March. Thus all Tognum Group sites<br />
worldwide will remain in existence. Tognum will continue with its customer-oriented<br />
business model and retain responsibility for its own operational<br />
sections <strong>of</strong> the company. The group headquarters will remain in<br />
Germany, as will research, development and production <strong>of</strong> drive systems<br />
and energy plants. The new owners will support the growth <strong>of</strong> Tognum by<br />
investing a billion euro over the next three years. The money will be spent<br />
on research, development and plants.<br />
“Together, we will successfully continue the history <strong>of</strong> growth at<br />
Tognum,” states Volker Heuer, Chairman <strong>of</strong> Tognum AG. “The possibilities<br />
<strong>of</strong>fered by Daimler and Rolls-Royce will bring us a large step closer to our<br />
vision <strong>of</strong> being the preferred partner for the best solutions in the engines<br />
and energy sectors.”<br />
As a joint subsidiary <strong>of</strong> Daimler and Rolls-Royce,<br />
Tognum is to enjoy continued growth.<br />
At the time <strong>of</strong> going to press (5th August 2011) Daimler and Rolls-<br />
Royce had already secured over 94 percent <strong>of</strong> the Tognum shares through<br />
their joint subsidiary Engine-Holding GmbH. However, there were some<br />
<strong>of</strong>ficial approvals, on which completion <strong>of</strong> the takeover deal is dependent,<br />
still to be obtained. Daimler and Rolls-Royce are nevertheless confident<br />
that they will be forthcoming by the end <strong>of</strong> September. Engine-Holding<br />
submitted the public takeover bid to the Tognum shareholders in April <strong>of</strong><br />
this year.<br />
<strong>MTU</strong> Report 02/11 I 15
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