Rolls-Royce and Daimler secure full control of Tognum

24th Jun 2011 10:27

Rolls-Royce and Daimler have secured full control German diesel engine-maker Tognum.The two companies want to take over Tognum to create a joint venture that will be a "leading industrial engine systems and solutions provider."They have now secured 94.17% shares in Tognum.Daimler's chief financial officer said the market Tognum operates in is worth €30bn a year.

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