Rolls-Royce Acquires Germany’s Daimler, Engine maker of Arjun tank

SOURCE: JANES UK engine manufacturer Rolls-Royce has completed the purchase of the 50% stake of Rolls-Royce Power Systems (RRPS) held by Germany’s Daimler. The deal, first announced on 7 March, is valued at EUR2.43 billion (USD3.2 billion) following an agreement on a fair-market valuation in April. RRPS, formerly known as Tognum, was bought by Daimler […]



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