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Announced

Completed

Langley Holdings completed the acquisition of Bergen Engines from Rolls-Royce for €63m.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Majority

Acquisition

Private

Machinery: Specialty

engines

diesel engines

Norway

Friendly

Completed

Synopsis

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Langley Holdings, a global engineering group, completed the acquisition of Bergen Engines, a medium speed liquid fuel and gas engines business, from Rolls-Royce, a British luxury automobile maker, for €63m ($75m). "We are very pleased to have reached this agreement with Rolls-Royce. The acquisition of Bergen Engines is a strategic step in the development of our power solutions division, and I am looking forward to welcoming the 900 plus employees of Bergen Engines to our family of businesses," Anthony Langley, Langley Holdings Chairman and CEO.

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