MAN B&W Acquires Alstom Engines

Tuesday, June 13, 2000
Effective June 9, MAN B&W Diesel has acquired the Alstom Engines business, and effective immediately the Alstom Diesel engine business was renamed MAN B&W Diesel Ltd. with its headquarters in Stockport, Cheshire. Dr. Hans-J. Schulte, President of MAN B&W Diesel, stated: "We welcome the new British members of the MAN B&W Diesel team to the MAN family. We will strengthen their technical and brand identities, thus bringing a wider range of products into a wider range of markets and placing more resources at the disposal and to the benefit of our customers." The U.K. company manufactures diesel engines under the Mirrlees Blackstone, Ruston and Paxman brand names. The existing engine programs - which will continue to be strongly marketed according to the company - are complementary to the extensive range of engines in the power bracket between 500 and 68,640 kW being designed and produced by the MAN B&W Diesel Group at its other locations in Europe. Mirrlees Blackstone 500 - 600 rpm medium-speed engines find application in the base load power generation in markets up to 15 MW per unit. Ruston 750 - 1,000 rpm medium-speed engines up to 9MW are widely used in power generation, marine propulsion and rail traction applications and it is the leading brand in engines for large high-speed ferries. Paxman high-speed engines are well known in applications demanding high power density engines up to 4 MW including power generation, high-speed marine and high-speed rail traction applications. The U.K. company also manufactures diesel engine governors and control systems through its Regulateurs Europa subsidiary and has a high quality iron foundry in Stamford. MAN B&W Diesel AG, member of the MAN Group, is one of the leading companies in large Diesel engines worldwide and is the market leader in marine propulsion engines for commercial shipping. The MAN B&W Diesel Group employs some 6,000 people world-wide and has an annual business volume of 1,100 million euros. The acquisition will bring an additional approx. 1,500 workforce and annual sales of some 200 million euros. Alan Marsh, Managing Director of MAN B&W Diesel Ltd., said "The acquisition by MAN B&W Diesel AG is widely welcomed by the company. It will give us the opportunity to add our excellent range of modern products to the MAN B&W Diesel range and to benefit from the synergies in development, marketing, manufacturing and procurement that will come from being part of the world leader in large Diesels. It will enable us to offer our customers a wider range of capabilities and to provide even better service through the global network of MAN B&W Diesel sales and service bases".

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