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RR. Rolls-royce Holdings Plc

421.10
15.40 (3.80%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rolls-royce Holdings Plc LSE:RR. London Ordinary Share GB00B63H8491 ORD SHS 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  15.40 3.80% 421.10 420.00 420.10 420.50 409.20 411.70 36,045,435 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Engine,engine Parts 16.49B 2.41B 0.2884 14.56 35.13B

Rolls-Royce to Buy Siemens eAircraft Business for Undisclosed Sum

18/06/2019 11:13am

Dow Jones News


Rolls-royce (LSE:RR.)
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   By Oliver Griffin 
 

Rolls-Royce Holdings PLC (RR.LN) has agreed to buy Siemens AG's (SIE.XE) electric aircraft propulsion business for an undisclosed sum.

The British engineering company said Tuesday that it expects to complete the deal for eAircraft later in the year following an employee consultation, as it positions itself to play "a major role" in the third era of aviation.

Rolls-Royce made no comment about the deal's financial details, though Germany's Siemens said the two parties had agreed to not disclose any financial terms.

The eAircraft business is based in Germany and Hungary and employs around 180 specialist electrical designers and engineers who are developing a range of all-electric and hybrid electric propulsion solutions for the aerospace industry.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

June 18, 2019 05:58 ET (09:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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