UK engineering group Langley Holdings has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for €91 million ($103 million).
The transaction was concluded on 31 December 2021 and will see Langley acquire Bergen Engines AS, producer of liquid and gas-fuelled engines and generator sets, as a stand-alone business unit.
The Bergen Engines unit will focus on the microgrid power generation sector, a focal point for Langley’s net-zero strategy and includes its engine factory, service workshop and foundry in Norway; engine and power plant design capability; its global service network and subsidiaries in nine countries.
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Chairman & CEO, Mr Tony Langley: “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.”
In 2021, Bergen Engines generated revenues of approximately €250 million ($282 million) and employs almost 950 people worldwide, of which more than 600 are based at its headquarters and production facilities near Bergen in Norway.
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According to Bergen, the unit is to become the core of a newly formed Power Solutions Division, working closely with the group’s Italian Marelli Motori and German Piller Power Systems subsidiaries.
The Power Solutions Division is expected to generate around €600 million of Langley’s anticipated €1.3 billion ($1.5 billion) revenues in 2022.
