Rolls-Royce Sells L’Orange : Rolls-Royce, the engineering giant, has confirmed today that it would sale LâOrange, its fuel injection technology business, to Woodward for £610 million, as an attempt to streamline its business. LâOrange supplies fuel injection technology for engines used in marine power and propulsion and other industrial applications and it will be renamed Woodward LâOrange after the sale, which is expected to go through in the second quarter of 2018.
Rolls-Royce Power Systems will remain a key customer of Woodward LâOrange, said Andreas Schell, president chief executive of Rolls-Royce Power Systems. We have enjoyed working with LâOrange, who have a leading position in their markets, excellent technology, a skilled workforce and strong leadership. We wish them well as they join the Woodward organisation.
Paul Adams, head of aerospace at management consultancy Vendigital, said the move would allow Rolls-Royce to focus on its core activities, and the areas of the business that deliver the strongest returns.
Big changes are underway at Rolls-Royce, which have already started to transform its performance, said Paul Adams. The business announced annualised profits before tax of £4.9 billion last month, up from a loss of £4.6 billion last year. More can be achieved if Rolls-Royce continues with its five-to-three plan to simplify its business model by reducing its operating divisions.”
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