• Siemens Sells Electric Propulsion Business to Rolls-Royce

    From Larry Dighera@21:1/5 to All on Sat Jun 22 14:20:12 2019

    Paris Air Show: Siemens Sells Electric Propulsion Business

    Kate O'Connor
    June 20, 20191

    Serial Hybrid Engine Illustration
    Image: Rolls-Royce

    Siemens signed an agreement to sell its eAircraft unit to Rolls-Royce
    at the Paris Airshow in Le Bourget, France, on Tuesday. Siemens
    eAircraft, which develops electric and hybrid-electric propulsion
    systems for the aerospace industry, has facilities in Germany and
    Hungary and employees approximately 180 people. Siemens reports that
    it has been working on electric aircraft propulsion development and
    research for about ten years, including projects such as Airbus’
    CityAirbus and E-Fan X demonstrator.

    “Electrification is set to have as dramatic an impact on aviation as
    the replacement of piston engines by gas turbines,” said Rolls-Royce
    Electrical Director Rob Watson. “We have already made significant
    strides in realizing our strategy of ‘championing electrification’ and
    this move will accelerate our ambitions in aerospace by adding vital
    skills and technology to our portfolio. It brings us increased scale
    and additional expertise as we develop a product range of hybrid power
    and propulsion systems.”

    According to Rolls-Royce, the two companies will continue to look for opportunities to work together as part of the agreement. Closing on
    the acquisition is expected in late 2019. Financial details of the
    agreement have not been disclosed.

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