MAN Diesel UK, MAN Turbo Merge
With immediate effect, Stockport based MAN Diesel Ltd and its sister company MAN Turbo (UK) Ltd have merged operations in the UK to form a new organization, MAN Diesel & Turbo UK Ltd. All administration and finance departments from both companies have been centralized at the newly built MAN Diesel & Turbo UK head office complex in Stockport, Cheshire. Also, as part of this merger, a new MAN Diesel & Turbo UK Sales office has been opened in Redhill, Surrey. The merger of the two UK operations into one organization, follows the announcement of the integration of the individual parent companies, MAN Diesel SE and MAN Turbo AG. The Headquarters of MAN Diesel & Turbo SE is based in Augsburg, Germany.
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…
Merger of MAN Diesel and MAN Turbo
MAN Diesel SE and MAN Turbo AG are to work more closely together in future with the aim of forming a merger with each other under corporate law. By combining the product portfolios, the merged company will strive for further growth and a stronger position in its respective market segments. “This will allow the MAN Group to combine the engine and power plant expertise of the Diesel Engines business area with the compressor and turbine technology of the Turbomachinery business area to form a strong Power Engineering unit for the long term,” said Håkan Samuelsson, Chairman of the Executive Board of MAN SE. MAN Diesel provides large-bore diesel engines for use in ships and power plants, while MAN Turbo specializes in the development and construction of compressors, gas and steam turbines.
