Which industrial-technology company did Siemens acquire from Rolls-Royce in 2014?

Siemens acquired Rolls-Royce’s energy business, commonly called Rolls-Royce Energy, from Rolls-Royce in 2014.

The transaction covered Rolls-Royce’s gas-turbine and compressor business for distributed power generation and industrial applications. Siemens announced the deal in May 2014 and completed it later that year after receiving the necessary approvals. The purchase price was approximately £785 million.

The business included industrial gas turbines, compressor systems, and related service activities. It was separate from Rolls-Royce’s aircraft-engine operations, which remained a core part of the Rolls-Royce group. That distinction matters because the name Rolls-Royce is associated with both aerospace engineering and luxury cars, although the modern companies operating those businesses are separate.

Siemens used the acquisition to strengthen its distributed-generation portfolio and its position in oil, gas, and industrial energy markets. The acquired activities were subsequently incorporated into Siemens’ energy businesses, while Rolls-Royce continued focusing heavily on civil and defense aerospace.