Rolls-Royce Holdings is currently engaging in discussions with Deutz regarding the sale of its lower-power-range engines business. The price being considered for this transaction is in the range of high double-digit million euros.
In a statement released on Thursday, the UK-based aircraft engine manufacturer revealed that the proposed deal pertains to diesel engines and engine systems that utilize Daimler technology. These engines are developed and produced by Daimler Truck AG for Rolls-Royce Power Systems and are primarily used in agricultural vehicles and construction machinery.
Concerning the workforce, Rolls-Royce mentioned that the number of employees in this particular division falls within the double digits.
Moving forward, the power systems division of the engineering company will instead prioritize strategic growth areas such as power generation, governmental applications, marine industries, services, and future battery energy storage systems.
As for the timeline, pending final agreement and regulatory approvals, the transaction is anticipated to be completed by mid-2024.
Deutz AG, an internal combustion engine manufacturer known for producing drive systems for off-highway applications, is the potential purchaser in this deal.
“This is a clear illustration of our strategy in action. Becoming more focused on the markets where we know Rolls-Royce can win,” stated Chief Executive Tufan Erginbilgic.
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