1909 (as MTU Friedrichshafen GmbH )2006 (as Tognum AG) & 2014 (as Rolls Royce Power Systems AG)
|Key people||Joachim Coers (CEO and chairman of the management board), Andreas Renschler member of the Daimler AG Board of Management (Chairman of the supervisory board)|
|Products||Engines for oil and gas installations, mining, marine propulsion, locomotives and military vehicles; injection systems; power generators|
|Revenue||€2.564 billion (2010)|
|Operating income||€112.3 million (2010)|
|Profit||€62.8 million (2010)|
|Total assets||€2.746 billion (end 2010)|
|Total equity||€735.8 million (end 2010)|
|Employees||9,050 (end 2010)|
|Parent||Daimler AG and Rolls Royce plc|
Tognum AG (operating as Rolls Royce Power Systems AG since January 2014) is the name of a German industrial concern, which holds interests in a number of engine manufacturing brands and facilities, jointly owned by Daimler AG and Rolls-Royce plc.
Tognum AG was formed when private equity fund EQT IV acquired in late 2005 several Off-Highway divisions of DaimlerChrysler. All units are to assume the corporate brand, but will otherwise operate independently.
The company went public on 2 July 2007, listed in the Prime Standard segment of the Frankfurt Stock Exchange. EQT retained a minority share of 22.3% until April 2008, when it was sold to Daimler AG.
In March 2011, Rolls-Royce plc and Daimler AG launched a takeover for Tognum. The two companies announced on 24 June 2011 that their joint €3.4 billion tender offer had been successful, with 94% of Tognum shareholders accepting. Once the acquisition was complete, Tognum is run as a 50-50 joint venture, with Rolls-Royce merging its Bergen Marine diesel engines unit into the operation. The acquisition of Tognum by the two companies was completed in September 2011.
On 9 January 2014, Tognum was renamed Rolls Royce Power Systems AG. The decision was made to reflect the industrial ties to Daimler AG and Rolls-Royce plc for the large engines, propulsion systems and distributed energy systems.
- MTU Friedrichshafen
- MTU Onsite Energy
- MTU Detroit Diesel
- Mercedes-Benz industrial engines
- L'Orange GmbH
- Bergen Engines AS
- Maybach Foundation
- Daimler AG
- Rolls Royce plc
- Maybach-Motorenbau GmbH
- Wilhelm Maybach
- "Annual Report 2010". Tognum. Retrieved 2 April 2011.
- "MTU Group To Operate Under New Name Tognum GmbH." The Wall Street Journal." July 12, 2006.
- "Shareholder structure". Tognum. Retrieved 2008-05-01.
- "Rolls-Royce, Daimler launch €3.2bn Tognum takeover". The Daily Telegraph. 9 March 2011. Retrieved 9 March 2011.
- Reiter, Chris (24 June 2011). "Daimler, Rolls-Royce Secure 94% of Tognum in Takeover Offer". Bloomberg. Retrieved 2 July 2011.
- "Daimler and Rolls-Royce team up to bid for Tognum". BBC News. 9 March 2011. Retrieved 2 July 2011.
- "Russian diesel engine joint venture agreed". Railway Gazette International. Retrieved 2 July 2013.