Rolls-Royce completes acquisition of Siemen’s hybrid-electric aerospace propulsion business

The execution of the deal, announced in June this year, underlines the fit of these activities to our strategy to ‘champion electrification’ and will help accelerate our ambitions as we look to play a major role in the ‘third era’ of aviation.

Rob Watson, director – Rolls-Royce Electrical, said: “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition. We are welcoming our new colleagues into Rolls-Royce today and look forward to working with them to pioneer new technologies and solutions.”

“We are at the dawn of the ‘third era’ of aviation, which will bring a new class of quieter and cleaner air transport to the skies, and our new colleagues will add vital skills, expertise and new technology to our portfolio.”

Paul Stein, Rolls-Royce chief technology officer, added: “The technology portfolio and skills that we have acquired complement our existing developments in electrification, which include micro-grids and hybrid electric trains as well as aerospace applications.”

“Electrification is just one of the ways in which we are making aviation more sustainable. We are continuing to increase the fuel efficiency of our gas turbines; increasing the integration between airframe and engine; and encouraging the development of sustainable fuels.”