Rolls-Royce to sell Bergen Engines for €63m

In a statement, Rolls-Royce said the sale of Bergen Engines is part of its ‘ongoing portfolio management to create a more focused group’ and will help towards generating at least £2bn from disposals.

Bergen Engines, based in Hordvikneset, Norway, builds medium speed liquid and gas fuelled engines for the commercial marine sector and naval vessels, as well as for land-based power generation applications.

The sale includes the Bergen Engines factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning over seven countries. Bergen Engines employs more than 900 people worldwide including 650 in the main factory in Hordvikneset. In 2020, the business generated revenues of approximately €200m, which is expected to rise to approximately €260m in 2021.

Warren East, CEO of Rolls-Royce, said: "We believe that this agreement will provide Bergen Engines and its skilled workforce with a new owner able to take the business on the next step of its journey.”