JANUARY 9, 2014 — Here's one for the "what took them so long?" file.
Effective immediately, the Friedrichshafen, Germany, headquartered former Tognum AG will now operate under the name of Rolls-Royce Power Systems AG.
The company has been a wholly-owned subsidiary of Rolls-Royce plc and Daimler AG, each of which has a 50% shareholding in the company via a joint venture, since March 2013.
Its regional companies will also operate with immediate effect under new names: Tognum America Inc., which is based in Novi, Michigan, will now operate as MTU America Inc. and Tognum Asia Pte Ltd, which is based in Singapore, will operate as MTU Asia Pte Ltd.
The group of companies with MTU Friedrichshafen GmbH as the core company has been consolidated in the Rolls-Royce Group's results since the beginning of 2013.
"The new name Rolls-Royce Power Systems reflects the close industrial ties to Rolls-Royce. At the same time, our owners Rolls-Royce and Daimler have clearly affirmed their commitment to our traditional brands of MTU, MTU Onsite Energy and L'Orange," said Dr. Ulrich Dohle, who has been Chairman of the Executive Board and CEO of the company since July 2013.
The product portfolio includes MTU brand high-speed engines and propulsion systems for ships, for heavy land, rail and defence vehicles, and for the oil and gas industry.
Under the MTU Onsite Energy brand, the company markets diesel gensets for emergency, base load and peak load applications, in addition to cogeneration plants for the generation of combined heat and power based on gas engines or gas turbines. The Norwegian subsidiary Bergen Engines manufactures medium-speed engines for marine and power generation applications.
L'Orange rounds off the portfolio with fuel injection systems for large engines.