Tognum
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| Type | Aktiengesellschaft |
|---|---|
| Industry | Mechanical engineering |
| Founded | 2006 (founded as MTU Friedrichshafen GmbH in 1909) |
| Headquarters | Friedrichshafen, Germany |
| Key people | Joachim Coers (CEO and chairman of the management board), Andreas Renschler (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)[1] |
| Operating income | €112.3 million (2010)[1] |
| Profit | €62.8 million (2010)[1] |
| Total assets | €2.746 billion (end 2010)[1] |
| Total equity | €735.8 million (end 2010)[1] |
| Employees | 9,050 (end 2010)[1] |
| Parent | Daimler AG and Rolls Royce plc |
| Website | www.tognum.com |
Tognum AG is the name of a German industrial concern, which holds interests in a number of engine manufaturing brands and facilities, jointly owned by Daimler AG and Rolls-Royce plc.
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[edit] History
Togun AG was formed when private equity fund EQT IV acquired several divisions of DaimlerChrysler. All units are to assume the corporate brand, but will otherwise operate independently.[2]
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.[3]
In March 2011 Rolls-Royce plc and Daimler AG launched a takeover for Tognum.[4] 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.[5] 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.[6]
In July 2011, Tognum indicated that they would move their North American headquarters (formally MTU Detroit Diesel) and their current 200+ employees to a new facility in the United States in Novi, Michigan.
[edit] Operating brands
- MTU Friedrichshafen
- MTU Onsite Energy
- MTU Detroit Diesel
- Mercedes-Benz industrial engines
- L'Orange GmbH
[edit] Marine engines
[edit] Diesel engines
[edit] Reciprocating engines
[edit] See Also
- Maybach
- Maybach Foundation
- Daimler AG
- Rolls Royce plc
- Maybach-Motorenbau GmbH
- Wilhelm Maybach
- Mercedes-Benz
[edit] References
- ^ a b c d e f "Annual Report 2010". Tognum. http://investors.tognum.com/download/companies/tognum/Annual%20Reports/DE000A0N4P43-JA-2010-EQ-E-01.pdf. Retrieved 2 April 2011.
- ^ "MTU Group To Operate Under New Name Tognum GmbH." The Wall Street Journal." July 12, 2006.
- ^ "Shareholder structure". Tognum. http://investors.tognum.com/cgi-bin/show.ssp?id=2300&companyName=tognum&language=English. Retrieved 2008-05-01.
- ^ "Rolls-Royce, Daimler launch €3.2bn Tognum takeover". The Daily Telegraph. 9 March 2011. http://www.telegraph.co.uk/finance/newsbysector/industry/engineering/8370389/Rolls-Royce-Daimler-launch-3.2bn-Tognum-takeover.html. Retrieved 9 March 2011.
- ^ Reiter, Chris (24 June 2011). "Daimler, Rolls-Royce Secure 94% of Tognum in Takeover Offer". Bloomberg. http://www.bloomberg.com/news/2011-06-24/daimler-rolls-royce-secure-94-of-tognum-in-takeover-offer-1-.html. Retrieved 2 July 2011.
- ^ "Daimler and Rolls-Royce team up to bid for Tognum". BBC News. 9 March 2011. http://www.bbc.co.uk/news/business-12685319. Retrieved 2 July 2011.
[edit] External links
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