Merger Complete: MAN Diesel & Turbo SE
The merger announced between MAN Diesel SE and MAN Turbo AG to form MAN Diesel & Turbo SE, based in Augsburg, is now complete, the corresponding entry having been made in the register of companies. The process of amalgamating the two former MAN sister companies into one enterprise has thus been achieved. In economic terms, the merger has come into effect retroactively as of 1 January 2010.
By combining the complementary product portfolios of the two firms, the merged company will be striving for growth and looking to strengthen its position in the relevant market segments. “The merger now having become effective, the MAN Group will be seeking to pool its expertise in large bore diesel engines and power plants with its strengths in compressor and turbine technologies,” said Klaus Stahlmann, MAN Diesel & Turbo SE’s Chief Executive Officer and member of the Executive Board of MAN SE (MAGOF). MAN Diesel & Turbo will henceforth be in a position to offer its customers product packages, such as turnkey DCC (Diesel Combined Cycle) power plants, for example, or waste heat recovery systems for maritime applications. Joint global purchasing or the joint use of existing production, sales and service sites are two examples of additional benefits of the merger.