MAN Diesel SE – A New European Company

Tuesday, February 21, 2006
MAN Aktiengesellschaft is intending to convert its Diesel Engines Business Area into a European Company (Societas Europaea) in the course of this year. At the same time, MAN B&W Diesel AG in Augsburg is to be renamed "MAN Diesel SE". "In a European Company we will think and act on an even more international scale, which is absolutely essential in the face of global competition," explained Håkan Samuelsson, Executive Board Chairman of MAN AG, at a press conference in Munich.

A Societas Europaea (SE) is a corporate form under European law. This new legal form will allow for stronger integration of MAN´s international business activities.

The MAN Diesel SE boards will be international bodies. While retaining its parity structure, the supervisory board should in future include members from other European countries in addition to employee representatives from Germany. The SE works council will also be made up of international representatives. The corporate centre for the new MAN Diesel SE will be located in Augsburg.

The MAN B&W Diesel Group is the world´s leading supplier of heavy diesel engines. The company develops two-stroke and four-stroke engines (1,080 to 136,000 HP), turbochargers and marine propellers. MAN´s diesel division employs some 6,700 people in Germany, Denmark, the United Kingdom, France, the Czech Republic and in China. MAN B&W Diesel was formed in 1979 following takeover of the Danish engine manufacturer, Burmeister and Wain (B&W) by MAN. Purchase of a heavy-engine producer in England followed in 2000. The MAN B&W Diesel Group also includes the Czech company, PBS Turbo and a majority holding in the French heavy-diesel manufacturer, S.E.M.T. Pielstick.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wilh. Wilhelmsen, Callenberg Win SHIPPINGInsight Award

Wilh. Wilhelmsen ASA and Callenberg Technology Group were presented the 2015 SHIPPINGInsight Award was today at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition in Stamford, Conn.

Market Growth to Bring More Carnival Ships to China

Eying a rapidly growing cruise market, Carnival Corporation announces plans to sail more ships from China The Chinese cruise market, expected to become the world’s

Insights: Matthew Paxton, SCA President

Matthew Paxton is President of the Shipbuilders Council of America (SCA), and a partner at the law firm of Adams and Reese. SCA is the national trade association


Thordon’s COMPAC for US’ Largest Containerships

Thordon Bearings has signed a contract to supply COMPAC seawater-lubricated propeller shaft bearing solutions to two Jones Act containerships under construction at the Aker Philadelphia Shipyard Inc.

Egypt Picks 7 Winners in Tender for 55 LNG Cargoes

Seven companies reportedly met with Egyptian Natural Gas Holding Co. (EGAS) to discuss an  liquified natural gas (LNG) tender, including: Vitol, Noble Group, Trafigura,

Gas Carrier Concept Stems from Bulker Design

Deltamarin Ltd and Brevik Technology AS, a VARD affiliate, have joined forces to develop a novel multigas carrier design concept that combines the design of Deltamarin’s B.

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Repair Ship Simulators
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: 0.2047 sec (5 req/sec)