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Vessels

Rolls-Royce sells marine division for £500m

The UK engineering firm's move to simplify its operations follows a strategic review begun in January 2018; buyer Kongsberg says the acquisition makes it a more complete maritime supplier

By Undercurrent News | July 6, 2018 09:23 BST
Turkish yard delivers 86m trawler for Samherji, P&P JV
The Kirkella, now one of the UK's last distant water fishing vessels, when it was first delivered
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UK engineering firm Rolls-Royce Holdings has announced the sale of its commercial marine business to Norway's Kongsberg Gruppen, for an enterprise value of £500 million and net proceeds of around £350m to £400m [...]

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