Langley has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for a consideration of €91 million. In addition, €16 million of cash held within Bergen Engines AS, has been retained by Rolls-Royce.
As of 31st December, 2021, Langley formally acquired Bergen Engines AS as a stand-alone group including its engine factory, service workshop and foundry in Norway; engine and power plant design capability; its global service network and subsidiaries in nine countries.
In 2021, Bergen Engines generated revenues of approximately €250 million with the assets and liabilities of the business presented as held for sale in the Rolls-Royce Holdings plc consolidated balance sheet. The Bergen Engines group employs almost 950 people worldwide, of which more than 600 are based at its headquarters and production facilities near Bergen, in Norway.
Going forward, Bergen Engines will be operated as a stand-alone business unit focused – in addition to its traditional markets – on the rapidly developing microgrid power generation sector, an area central to Langley’s net zero strategy.
Chairman & CEO, Mr Tony Langley, said: “The acquisition of Bergen Engines is a major step towards our net zero objectives. The company has a superb reputation and is proving to be highly innovative in adapting its engines to low-carbon and non-fossil fuels. Coupled with that, the emerging microgrid sector fits perfectly to our long-term sustainability goals.”