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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rolls Royce Holdings PLC (PK) | USOTC:RYCEY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.005 | -0.10% | 5.055 | 5.05 | 5.07 | 5.07 | 4.99 | 5.04 | 2,497,622 | 21:05:05 |
From May 2019 to May 2024
By Ian Walker
ACQUIRER: Rolls-Royce Holdings PLC.
SELLER: Larsen & Toubro Ltd.
TARGET: Servowatch Systems, a U.K-based company that supplies integrated marine automation solutions for navies, commercial vessels and large yachts.
PRICE: Commercial terms not disclosed.
STATUS: Contracts signed Tuesday.
RATIONALE: Servowatch will expand the ship-automation division of the MTU product-and-solution brand of Rolls-Royce's power-systems business.
QUOTATION: "Servowatch is completely complementary to what we do in marine automation," said Kevin Daffey, director of marine systems & automation at Rolls-Royce's Power Systems business unit.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 02, 2020 07:18 ET (12:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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