power systems ag type aktiengesellschaft industry mechanical engineering founded 1909 as mtu friedrichshafen gmbh 2006 as tognum ag 2014 as rolls royce power systems ag headquarters friedrichshafen germany key people ulrich dohle ceo and chairman of the management board lawrie haynes chairman of the supervisory board products engines for oil and gas installations mining marine propulsion locomotives and military vehicles ; injection systems ; power generators revenue 2.564 billion 2010 1 operating income 112.3 million 2010 1 profit 62.8 million 2010 1 total assets 2.746 billion end 2010 1 total equity 735.8 million end 2010 1 number of employees 10 700 end 2013 2 parent rolls royce holdings plc website www.rrpowersystems.com rolls royce power systems ag is the name of a german industrial concern which holds interests in a number of engine manufacturing brands and facilities owned by rolls royce . the company previously traded from 2006 to 2014 as tognum ag . prior to 2006 the core company mtu friedrichshafen gmbh was a constituent of daimlerchrysler powersystems off highway . contents 1 history 2 operating brands 3 marine engines 3.1 diesel engines 3.2 reciprocating engines 4 see also 5 references 6 external links history edit tognum ag was formed when private equity fund eqt iv acquired in late 2005 several off highway divisions of daimlerchrysler . all units are to assume the corporate brand but will otherwise operate independently . 3 the company went public on 2 july 2007 listed in the prime standard segment of the frankfurt stock exchange . eqt retained a minority share of 22.3 % until april 2008 when it was sold to daimler ag . 4 rolls royce holdings and daimler ag launched a takeover for tognum in march 2011 . 5 the two companies announced on 24 june 2011 that their joint 3.4 billion tender offer had been successful with 94 % of tognum shareholders accepting . 6 once the acquisition was complete tognum is run as a 50 50 joint venture with rolls royce merging its bergen marine diesel engines unit into the operation . 7 the acquisition of tognum by the two companies was completed in september 2011 and the business continued to trade as tognum ag until january 2014 when it was renamed rolls royce power systems ag . rolls royce holdings confirmed in march 2014 that they would purchase daimler ag s 50 % stake in the joint venture . 8 daimler ag will continue to supply engines to rolls royce as part of existing long term supply agreements which run to 2025 this results from smaller mtu engines being derived from daimler ag s range of diesel engines used in their on highway commercial vehicles . 9 10 rolls royce will fund the acquisition through a mixture of cash and some borrowing paying daimler ag around 1.9 billion 2.3 billion for their stake in the business . analysts expect the deal to add between 5 and 6 % to rolls royce earnings . daimler ag will use the proceeds to fund investments in their core automotive business . 8 11 12 operating brands edit mtu friedrichshafen mtu onsite energy mtu america mercedes benz industrial engines l orange gmbh bergen engines as there is also a joint venture with transmashholding called mtu transmashholding diesel technologies ; it will produce mtu 4000 series engines at a factory near kolomna in russia . 13 marine engines edit diesel engines edit bergen b series bergen c series bergen k series crossley pielstick reciprocating engines edit bergen b series bergen k series see also edit maybach maybach foundation daimler ag rolls royce plc maybach motorenbau gmbh wilhelm maybach mercedes benz references edit a b c d e annual report 2010 pdf . tognum . retrieved 2 april 2011 . annual report 2013 pdf . rolls royce holdings plc. retrieved 22 august 2014 . mtu group to operate under new name tognum gmbh . the wall street journal . july 12 2006 . shareholder structure . tognum . retrieved 2008 05 01 . rolls royce daimler launch 3.2 bn tognum takeover . the daily telegraph . 9 march 2011 . retrieved 9 march 2011 . reiter chris 24 june 2011 . daimler rolls royce secure 94 % of tognum in takeover offer . bloomberg . retrieved 2 july 2011 . daimler and rolls royce team up to bid for tognum . bbc news . 9 march 2011 . retrieved 2 july 2011 . a b bryant chris 7 march 2014 . daimler to sell stake in joint venture to its rolls royce partner . financial times . retrieved 11 march 2014 . tschampa dorothee 7 march 2014 . daimler to sell 50 % stake in engines venture to rolls . bloomberg.com . bloomberg l.p. retrieved 11 march 2014 . ford roger january 2001 . new trains unhappy new year . modern railways . retrieved 11 march 2014 . hoang li mei 7 march 2014 . rolls royce to buy daimler stake of power systems unit with cash borrowing . reuters . retrieved 11 march 2014 . http www.rolls royce.com news press releases 2014 070314 daimlers decision.jsp russian diesel engine joint venture agreed . railway gazette international . retrieved 2 july 2013 . external links edit official website v t e daimler ag divisions and subsidiaries cars current mercedes benz mercedes amg mercedes maybach smart trucks and vans current bharatbenz freightliner manufacturing commercial vehicles master motors 80 % mercedes benz mitsubishi fuso truck and bus 85 % western star defunct american lafrance sterling trucks buses current bharatbenz freightliner manufacturing commercial vehicles master motors mercedes benz mitsubishi fuso truck and bus setra evobus thomas defunct orion motorsport mercedes amg petronas f1 team mercedes amg high performance powertrains other alliance truck parts car2go daimler financial services mercedes benz bank detroit diesel mercedes benz india mercedes benz mexico shareholdings and joint ventures automotive fuel cell cooperation 50.1 % beijing benz 50 % denza 50 % tognum ag 50 % fujian benz 50 % here 33 % eads 22.41 % kamaz 10 % mv agusta 25 % tesla motors 10 % tata motors 7 % aston martin 5 % predecessors benz & company 1883 1926 daimler motoren gesellschaft ag 1890 1926 daimler benz ag 1926 98 daimlerchrysler ag 1998 2007 technologies active cylinder control bluetec people wolfgang bernhard karlfried nordmann andreas renschler hans scherenberg j rgen e. schrempp karl wilfert joachim zahn dieter zetsche other daimlerchrysler mitsubishi alliance beiben truck category commons v t e rolls royce plc subsidiaries rolls royce deutschland rolls royce marine power operations rolls royce north america rolls royce power systems rolls royce turbomeca limited annual group revenue gb 7 156 million employees 36 200 2005 stock symbol lse rr . website rolls royce.com retrieved from https en.wikipedia.org w index.php title rolls royce power systems & oldid 716185543 categories engineering companies of germanygerman brandsrolls roycecompanies formerly listed on the frankfurt stock exchangedaimler ag joint venturescompanies based in friedrichshafenhidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 20 april 2016 at 12 30 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view