Rolls-Royce takes heavy hit from COVID-19 – reduces workforce by 9000
May 25, 2020
The impact of COVID-19 on Rolls-Royce and the whole of the aviation industry is unprecedented. RR has already taken action to strengthen the financial resilience of its business and to reduce cash expenditure in 2020. However, this will not be enough.
Rolls-Royce takes majority holding in power storage specialist
January 14, 2020
Rolls-Royce will hold a 73.1% majority stake in Berlin-based electricity storage specialist Qinous GmbH from 15 January 2020.
Magna expands lighting capabilities by acquiring Wipac Czech
November 21, 2019
Magna has agreed to acquire Wipac Czech s.r.o., a automotive lighting engineering firm located in Ostrava, Czech Republic.
REC Group starts mass production on Meyer Burger equipment
October 18, 2019
Norway-headquartered solar module manufacturer REC Group has started mass production of its new Alpha modules. This new generation of modules is manufactured on Meyer Burger HJT/SmartWire core equipment.
Bosch is betting on SiC for electromobility
October 08, 2019
Nowadays, all cars feature semiconductors; there is generally more than 50 of them in every vehicle that rolls of the production line.
Rolls-Royce closes acquisition of Siemens electric aircraft-propulsion business
October 03, 2019
Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business), following a period of employee consultation.
GOEPEL electronic strengthens Service and Sales Forces in the UK and Ireland
July 12, 2019
The Cambridge-based GOEPEL electronics Ltd. has added a new Technical Sales Engineer. Mark Daglish is now responsible for the company’s product ranges of Embedded JTAG Solutions equipment as well as Inspection Solutions (Automated Optical Inspection (AOI), Automated X-ray Inspection (AXI) and Solder Paste Inspection (SPI) systems).
Siemens sells electric aircraft-propulsion business to Rolls-Royce
June 20, 2019
Siemens and Rolls-Royce signed an agreement for the sale of Siemens' eAircraft unit. Through its Vision 2020+ company strategy, Siemens intends to sharpen its portfolio's focus.
A 'telling off' for Rolls-Royce?
May 02, 2019
Recent changes made to the assessment criteria for the UK Government’s Prompt Payment Code have resulted in its suspension from the Code – specifically, in respect of its failure to pay at least 95% of their supplier invoices within 60 days.
Kongsberg completes acquisition of Rolls-Royce Commercial Marine
April 04, 2019
Following European Commission approval, Kongsberg Maritime parent company Kongsberg Gruppen has completed the acquisition of Rolls-Royce Commercial Marine (RRCM). Now officially a part of Kongsberg Maritime, RRCM will operate under the Kongsberg brand and the Kongsberg Maritime legal entity.
Electric motor company partners with automotive manufacturer
February 18, 2019
Electric motor company, YASA, says it has signed a long-term joint innovation agreement with a n unnamed global automotive OEM. The partnership will focus on developing custom electric motor and controller solutions for the OEM’s high-performance hybrid and pure electric vehicles.
Kongsberg divests Evotec to meet regulatory requirements
January 24, 2019
As a result of the acquisition of Rolls-Royce Commercial Marine, Kongsberg Gruppen has entered into an agreement with Rome AS to divest Kongsberg Evotec.
Samsung SDI Battery to Power LiveWire: Harley Davidson’s First Electric Motorcycle
January 23, 2019
When Harley Davidson’s LiveWire rolls out of select North American and Western European dealerships in August, it will be with a Samsung SDI prismatic battery powering it.
paragon acquires speaker manufacturer LPG
November 02, 2018
paragon GmbH & Co. KGaA says it is acquiring Lautsprecher-Produktions-Gesellschaft mbH (LPG), headquartered in Neu-Ulm, Germany.
The many uses of a 200 mA precision voltage reference
October 25, 2018
The LT6658 is not a run-of-the-mill reference or regulator, as it performs both functions equally well. Moreover, due to its unique architectural arrangement, it does much more than simply supply a precise voltage with plenty of current.
Kongsberg acquires Rolls-Royce Commercial Marine
July 09, 2018
Kongsberg Gruppen ASA entered into agreement with Rolls-Royce plc to acquire Rolls-Royce Commercial Marine. The transaction does not include Bergen Engines nor Rolls-Royce's Naval Business.
Union warns Rolls-Royce against cutting ‘too deep and too fast’
June 19, 2018
The UK’s largest union, Unite, warned Rolls-Royce against cutting ‘too deep and too fast’ after the engineering firm announced that it was planning to cut several thousand largely managerial and administrative jobs in the UK.
Rolls-Royce confirms restructuring – 4’600 employees to go
June 14, 2018
Rolls-Royce is looking to create a simpler, leaner and more agile organisation. The company is now announcing the next stage in its push to create this new business with a proposed restructuring that aims to deliver improved returns, higher margins and increased cash flow.
New testbed part of GBP 150m investment in UK aerospace facilities
March 30, 2018
The new testbed, which is expected to be commissioned in 2020, is set to support Rolls-Royce’s ongoing industrial transformation and will provide important additional capacity.
Rolls-Royce links up with Superdielectrics on supercapacitors
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March 21, 2018
Rolls-Royce has signed a collaboration agreement with UK-based technology start-up Superdielectrics Ltd to explore the potential of using polymers to create next generation high energy storage technology.
