Distributed Energy Systems News

Rolls-Royce today announced the completion of its acquisition of Rolls-Royce Power Systems (RRPS). The move follows an announcement made on March 7, 2014 that the Board of Management of Daimler AG had decided to exercise the put option relating to its 50% equity interest in RRPS and the announcement on April 16, 2014 that Rolls-Royce and Daimler had agreed on a fair market valuation for the shareholding of €2.43 billion. John Rishton, CEO of Rolls-Royce said, “We are pleased to welcome Rolls-Royce Power Systems fully into Rolls-Royce.

Effective immediately, the former Tognum AG will now operate under the name of Rolls-Royce Power Systems AG. Since March 2013, the specialist for large engines, propulsion systems and distributed energy systems has been a wholly-owned subsidiary of Rolls-Royce plc and Daimler AG, each of which has a 50% shareholding in the company via a joint venture. The group of companies with MTU Friedrichshafen GmbH as the core company has been consolidated in the Rolls-Royce Group’s results since the beginning of 2013.

Name change aligns corporate name with primary product brands MTU and MTU Onsite Energy; German holding company Tognum AG renamed Rolls-Royce Power Systems AG. Effective immediately, Tognum America Inc. has changed its name to MTU America Inc. Based in Novi, Mich., the company is responsible for the manufacture, development, sales and service of MTU engines, propulsion and drive systems and MTU Onsite Energy distributed energy systems in North and Latin America. The company also maintains manufacturing facilities in Aiken, S.C. and Mankato, Minn.

In January 2011, the first step taken by Tognum to establish a new global sales organisation came into force. The new organization is designed to improve the service and support provided for the company’s existing customers and above all to acquire new customers worldwide for its broadly diversified product portfolio. Peter Kneipp (53) joined MTU Friedrichshafen in 1989 as a project manager for marine propulsion systems. At an early stage in his career, Peter Kneipp was involved in projects that enabled him to acquire experience in the Asia-Pacific region, where he has worked since 1997 until the end of 2010. He initially spent several years in Singapore, where he was mainly involved in customer service and after sales.

MTU Detroit Diesel Inc. announced a name change to Tognum America Inc., effective June 1, 2011. Tognum America, like MTU Detroit Diesel before, is a subsidiary of the Germany-based Tognum Group and is responsible for the sales and service of MTU engines and MTU Onsite Energy distributed energy systems in North and Latin America. Tognum America has offices in Detroit, Houston, Washington DC, San Leandro, CA; St. Rose, LA; Miami, FL and Mankato, MN. The company also operates two state-of-the-art production facilities: one in Mankato, MN for diesel and gas-based generator sets and one in Aiken, SC where it currently machines parts and builds MTU Series 2000 and 4000 engines.

The specialist for propulsion and power solutions Tognum has completed the first three months of the current financial year in line with expectations and confirms its forecast for the full year. “Despite the modest quarterly revenues as expected, we managed to achieve an adjusted EBIT margin of 8.4%,” said Volker Heuer, chairman of the executive board of Tognum AG. The company continues to expect an adjusted EBIT margin (adjusted return on sales) of 6 to 9%, with revenues of €2.3 to 2.5 billion. In the medium term, Tognum intends to grow faster than the market and achieve a double-digit return on sales. “We are currently observing positive signs, primarily in our after sales business, in the oil and gas industry and in distributed energy systems,” Heuer added.

Tognum has completed the first three months of the current financial year in line with expectations and confirms its forecast for the full year. “Despite the modest quarterly revenues as expected, we managed to achieve an adjusted EBIT margin of 8.4%,” said Volker Heuer, chairman of the executive board of Tognum AG. The company continues to expect an adjusted EBIT margin (adjusted return on sales) of 6 to 9%, with revenues of €2.3 to 2.5 billion. In the medium term, Tognum intends to grow faster than the market and achieve a double-digit return on sales. “We are currently observing positive signs, primarily in our after sales business, in the oil and gas industry and in distributed energy systems,” Heuer added.