Rolls-Royce offloads German business in £610m deal
Rolls-Royce is set to sell L’Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Woodward, in a deal worth £610m.
Colorado-based Woodward is a designer, manufacturer and service provider of control system solutions and components for the aerospace and industrial markets. L’Orange will be renamed Woodward L’Orange and will be integrated into Woodward’s industrial business.
L’Orange supplies fuel injection technology for engines that power a wide range of industrial applications including marine power and... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
