Rolls-Royce Holdings plc Statement re: Bergen Engines (1921T)
23 Marzo 2021 - 11:55AM
UK Regulatory
TIDMRR.
RNS Number : 1921T
Rolls-Royce Holdings plc
23 March 2021
23 March 2021
Statement re: Bergen Engines
We note the announcement by the Norwegian Government that the
sale of Bergen Engines to TMH Group must be stopped. We followed
the appropriate process in contacting the authorities in advance of
the announcement of the sale on 4 February 2021. We have
co-operated with the Government's subsequent review by pausing the
sales process and believed we had identified a new owner willing to
invest in the business and its people for the long-term. We await
formal legal notification by the Norwegian Government.
Bergen Engines has a skilled workforce and significant future
commercial opportunities, but the manufacture of medium-speed gas
and diesel engines is not core to our long-term strategy and we do
not intend to retain the business.
Today's announcement will cause significant uncertainty in
Bergen Engines, which employs more than 900 people worldwide
including 650 in the main factory in Hordvikneset. We will be
seeking the assistance of the Norwegian Government to swiftly find
another option, which can provide Bergen Engines and its people
with the investment required for the future and Rolls-Royce with an
appropriate outcome.
We remain committed to our target, as set out originally on 27
August 2020, to raise at least GBP2bn from disposals by early
2022.
About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers the power that matters to connect, power
and protect society. We have pledged to achieve net zero greenhouse
gas emissions in our operations by 2030 [excluding testing] and
joined the UN Race to Zero campaign in 2020, affirming our ambition
to play a fundamental role in enabling the sectors in which we
operate achieve net zero carbon by 2050.
2. Rolls-Royce has customers in more than 150 countries,
comprising more than 400 airlines and leasing customers, 160 armed
forces and navies, and more than 5,000 power and nuclear
customers.
3. Annual underlying revenue was GBP11.76 billion in 2020 and we
invested GBP1.25 billion on research and development. We also
support a global network of 28 University Technology Centres, which
position Rolls-Royce engineers at the forefront of scientific
research.
4. Rolls-Royce Holdings plc LEI: 213800EC7997ZBLZJH69
For further information, please contact:
Richard Wray
Director of External Communications and Brand
richard.wray@rolls-royce.com
M +44 (0)7810 850 055
Isabel Green
Head of Investor Relations
isabel.green@rolls-royce.com
M: +44 (0)7880 160 976
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March 23, 2021 06:55 ET (10:55 GMT)
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