Merger Complete: MAN Diesel & Turbo SE

Monday, March 29, 2010

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. 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.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ShipDC Launches with New Leader at the Helm

Ship Data Center Co., Ltd., a wholly owned subsidiary set up by ClassNK, has officially commenced operations of its big data center, ShipDC, from April 2016. Taking

New CMA CGM Agency in Puerto Rico

Shipping company CMA CGM announced the inauguration of its new agency in San Juan, Puerto Rico as from May 1, 2016.   The agency is opened in partnership with shipping agency Norton Lilly.

Harkand North America Salvaged by MBO

Ethos Offshore Completes Harkand North America Management Buy Out   A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0674 sec (15 req/sec)