Rolls-Royce recently presented its strategy to become a high-performing, competitive, resilient and growing business to investors. The Power Systems division will focus on the strategic growth areas of power generation, governmental, marine, and service, as well as the future field of battery energy storage systems.
Tufan Erginbilgic, CEO of Rolls-Royce, said: "This is a clear illustration of our strategy in action. Becoming more focused on the markets where we know Rolls-Royce can win. Power Systems is an integral part of our organisation, with a strong brand and real advantage in power generation, governmental and marine end-markets, where we see the strongest demand and an opportunity for better returns
from our power-dense and reliable solutions."
Dr. Jörg Stratmann, CEO of Rolls-Royce's Power Systems, said: "As we evolve our strategy, we are also constantly analysing our product portfolio. As a result, we will be concentrating largely on higher-powered systems in the off-highway engine sector, primarily from our in-house production. We have therefore decided to transfer our successful lower-power-range engines business, which uses
Daimler technology, to a partner."
Until the business transfer is complete, Rolls-Royce's Power Systems division will continue its activities in this business segment unchanged so that customer relationships, delivery, and service obligations remain unaffected. Following a final agreement, the closing - subject to regulatory approvals - is expected from mid-2024.
