Siemens sells aircraft engine business to Rolls Royce

June 18, 2019 //By Christoph Hammerschmidt
Siemens sells aircraft engine business to Rolls Royce
Siemens is divesting one of its best-known future projects: The development of electric aircraft engines is to be taken over by Rolls Royce. The two companies signed an agreement to this effect at the current Paris Air Show in Le Bourget.

In recent years, the Siemens eAircraft department has set some sensational records with its electric motors for battery-powered aircraft. A well-known project of the company was the development of an electric aircraft taxi together with Airbus.

The reason for the surprising measure: Siemens wants to "sharpen its profile," as it is called, as part of its new corporate strategy Vision 2020+. The business with electric and hybrid-electric propulsion systems for aircraft will have better growth opportunities with a new owner who is closely linked to the aerospace industry, Siemens said in a press release. "With Rolls-Royce, we have now found a perfect home for this business and placed the competencies in the hands of a close partner of Airbus," said Roland Busch, CTO and COO of Siemens AG.

However, Siemens will continue to support the development of flight electric motors with its digital solution portfolio. eAircraft employs around 180 people at its locations in Erlangen and Munich (Germany) as well as in Budapest (Hungary). The company develops and builds aircraft propulsion systems ranging from less than 100 kW to several 1000 kW.

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