By Rod Walton, EnergyTech Senior Editor
On-site power generation manufacturer Bergen Engines is now a property of UK-based industrial firm Langley Holdings after the 91 million Euro ($103M U.S.) acquisition from Rolls Royce.
Langley’s completion of the Bergen acquisition was announced Tuesday. The final move completely separates the Bergen Engines business from Rolls Royce.
The new owner intends Bergen to operate as a standalone group with operations in Norway. Bergen will continue its longstanding on-site gen-set power generation work, but also focus on the rapidly developing microgrid power generation sector, the company said.
“The acquisition of Bergen Engines is a major step towards our net zero objectives,” Langley CEO and Chairman Tony Langley said in a statement. “The company has a superb reputation and is proving to be highly innovative in adapting its engines to low-carbon and non-fossil fuels. Coupled with that, the emerging microgrid sector fits perfectly to our long-term sustainability goals.”
Bergin Engines generated about 250M Euros ($283M U.S.) in revenue last year, according to the release. Langley plans to make Bergen the core of a newly formed Power Solutions Division, aligned with the parent firm’s Italian Marelli Motori and German-based Pillar Power Systems subsidiaries.
Rolls Royce announced signing of the Bergen sale last March, with Langley funding the acquisition through its cash reserves. The family-owned Langley Group was founded in 1975.
Rolls Royce wants to simplify its business structure and the Bergen sale is part of a 2 billion Euro divestment plan.
In 2020, 15 of Bergen Engines’ medium-speed gas-fired generators sets were contracted for a mining project in Australia.
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(Rod Walton, senior editor for EnergyTech, is a 14-year veteran of covering the energy industry both as a newspaper and trade journalist. He can reached at [email protected]. EnergyTech covers news and insights into the C&I Energy Transition}.
