Daimler and Rolls Royce Sealed a Joint Venture to Buy Out Tognum

Clarissa August 10, 2011

Daimler and Rolls Royce bought additional shares with a total of .83% from Tognum, taking over 95% of the company.

The joint venture, otherwise called as Engine Holding GmbH, reached the the percentage of shares from Tognum which is really considered a milestone. Other than that, the acquisition of Tognum will make Daimler and Rolls Royce the leading provider of complete systems for industrial engines. This step is expected to give the venture a global position in terms of products, solutions and services.

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