Sale Of MAN Energy Solutions Hits Snag: Report
24 January 2020
Bloomberg News is reporting Volkswagen’s attempt to sell off its MAN Energy Solutions division isn’t going well.
The news organization said that, so far, offers for the division have been underwhelming, according to unnamed sources familiar with the sales discussion.
Bloomberg—and other news organizations—have reported that Cummins, Mitsubishi Heavy Industries and INNIO have expressed interest in acquiring MAN Energy Solutions, whose portfolio includes two-stroke and four-stroke engines for marine and stationary applications, turbochargers and propellers, as well as gas and steam turbines, compressors and chemical reactors.
Bloomberg said that VW will retain the business unless better offers are made.
VW was trying to sell the division in part to concentrate on its passenger car operations.
VW also put industrial transmissions maker Renk AG for sale as well. The power engineering group, which includes both Man Energy Solutions and Renk, has a sum-of-the-parts value of US$2.76 billion, according to Bloomberg Intelligence analyst Michael Dean.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.
Visit Now
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
