MAN Acquires Diesel Engine Operations
 
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MAN Acquires Diesel Engine Operations

      2/28/2000

Engineering companies ALSTOM of France and MAN of Germany have agreed terms for the acquisition by MAN of ALSTOMís Diesel engines business. Through this acquisition the MAN Group will strengthen its activities in the field of large Diesel engines. As of 31 March 2000, MAN B&W Diesel AG, Augsburg, will take over Alstom Engines Ltd. (AEL) of the UK with its brands Ruston, Paxman and Mirrlees Blackstone. AEL supplies on a worldwide scale medium and high speed Diesel and gas-fuelled engines with outputs ranging from 500 kW to 15,000 kW.

For MAN this move represents a diversification in profitable and growing markets for high speed engines as well as a 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 programmes 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.

MAN


 


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