Edition:
United Kingdom

Siemens Sells Electric Aircraft-Propulsion Business To Rolls-Royce


Tuesday, 18 Jun 2019 

June 18 (Reuters) - SIEMENS AG ::SELLS ELECTRIC AIRCRAFT-PROPULSION BUSINESS TO ROLLS-ROYCE.AGREEMENT SIGNED: ROLLS-ROYCE TO ACQUIRE EAIRCRAFT.CLOSING EXPECTED IN LATE 2019.WILL CONTINUE TO SUPPORT THE TRANSITION TO ELECTRIC AVIATION WITH ITS DIGITAL SOLUTIONS PORTFOLIO.PARTNERS HAVE AGREED NOT TO DISCLOSE THE FINANCIAL DETAILS OF THE TRANSACTION..