MAN Acquires Alstom Diesel Engine Ops
Engineering companies Alstom of France and MAN of Germany have agreed terms for the acquisition by MAN of ALSTOM's Diesel engines business. Through this acquisition, the MAN Group will strengthen its activities in the field of large diesel engines.
MAN B&W Diesel AG, Augsburg, will take over A L S T O M Engines Ltd.
of the U.K.
with its brands Ruston, Paxman and Mirrlees Blackstone. ALSTOM Engines Ltd.
supplies on a worldwide scale medium and high speed Diesel and gas-fuelled engines with outputs ranging from 500 kW to 15,000 kW, which are p r i m a r i l y incorporated into fast ferries, navy and coast guard ships, luxury yachts, locomotives, power stations and packaged generator sets. Alstom Engines Ltd. employs some 1,500 persons, has an annual business volume of some $201 million, and its business is profitable.
For MAN this move represents a diversification in profitable and growing markets for high-speed engines as well as valuable extension of its presence in the market for medium speed engines.
In terms of output the ALSTOM range is situated above the upper end of the engine lines supplied by MAN Nutzfahrzeuge AG. The takeover is expected to yield synergies in technological development, engine programs and worldwide distribution in all areas of application. The Ruston, Paxman and Mirrlees Blackstone brands have developed excellent reputations in their respective markets and are complementary to the MAN and MAN B&W brands. The plan is to maintain the acquired business within the MAN family and to strengthen their technical and brand identities, bringing a wider range of products to a wider range of markets and place more resources at the disposal of customers.
For ALSTOM the proposed deal is in line with the decision announced a year ago to divest its non-core industrial businesses, representing about $854 million of sales by April 2000. The announcement of this sale is another step closer to the completion of this divestment process.
The acquisition is subject to the approval of MAN's Supervisory Board and of the relevant regulatory authorities.
It is anticipated that the transaction will be completed in May 2000. Consultation with employees of Alstom Engines Ltd. and with key customers will commence immediately.
Other stories from March 2000 issue
- A broader-based payback from R&D page: 8
- An Effective Shield from Criminal Prosecution page: 14
- MARCO Signs Contract With S.F. Bar Pilots page: 16
- MAN Acquires Alstom Diesel Engine Ops page: 16
- South Korean January Ship Orders Increase page: 17
- Dockwise Awarded Hanjung Contract page: 17
- The U.S. Navy - Reducing Shipboard Planned Maintenance page: 20
- Safety Charter Targets Old Tankers, Flags Of Convenience page: 20
- High Times Again in Singapore? page: 22
- Ship Repair Yards Ask: Where's the Funding? page: 26
- Ailsa-Troon Continues To Climb page: 27
- Irving Shipbuilding Repairs Wide Selection page: 29
- Vessels Make Pit Stop At Bay Ship page: 30
- Tampa Bay Shipbuilding - Gearing Up For A Boom page: 31
- Bollinger Puts Its Expertise To The Test page: 32
- Turbo-Technik: Rescuing A "Prinsesse" page: 33
- Smooth Sailing page: 34
- Seacoast Delivers Package To Halter page: 34
- JRC Radar Offers Plotter System page: 34
- SKYbolt Enables Real Time Processing page: 38
- Transas Moves Towards Auto Integrated Navigation page: 44
- Litton To Supply For New Passenger Ferries page: 44
- Riverboat Casino Ratings Buoyed by Regulations, Demand page: 48
- Washburn & Doughty: Developing New Process To Meet Changing Needs page: 49
- Fictitious Tugboat Character Goes Live In Canada Yard page: 51
- Bollinger opts for Oracle page: 52
- BIMCO Introduces Millennium Software page: 55
- Ship Safety Database Set Up To Avoid Future Disasters page: 55
- WindShip Technology Promises Fuel Saving s page: 56
- Recore Classified As Fireproof For Vessels page: 56
- Sandwiched Composites Offer Promise For Marine Industry page: 57
- Fiberline Offers GRP For Use In Hostile Environs page: 57
- AMT Marine To Construct Utility Boat page: 59
- Sneed Delivers Pushboat To Blessey Marine page: 59
- Alert in Valdez Harbor page: 60
- 3.MAJ Delivers Innovative Tanker page: 61
- Robert Allan Design To Be Built For Brusco page: 62
- New Surface Cleaning Process Saves Navy On Maintenance page: 65
- Jotun Goes Tin-Free page: 66
- Se-Cliff Enhances With CoreKote 2000 page: 69
- Japan: Advanced procedures sustain industry in turbulent markets page: 74
- JAMSTEC Deepsea Exploring Ship Contract Announced page: 75
- Power management with distributed intelligence page: 76
- Chamber Of Shipping Requests Entries page: 77
- The Erika oil spill - using the incident to positive effect page: 80
- NCL Board Dumped, Lund Appointed page: 92
- Litton Integrates Marine Ops In New Company page: 92