Company
Rolls-Royce has formed a wholly-owned subsidiary in India, in order to strengthen its position in the region. John Kempster, Rolls-Royce’s managing director for energy, said: “The value of the market for gas turbines and diesel engines is forecast to grow to $30 billion in a decade in the Asia Pacific. This compares to $25 billion in Europe and $17.6 billion in the Americas over the same period.” The Indian subsidiary, Rolls-Royce Energy Systems India Pte Ltd (RRESIPL) was formed to increase Rolls-Royce’s presence in the second most populous market nation’s growing energy markets.
In addition, Rolls-Royce has bought the rotating compression equipment interests of Cooper Energy Services, part of Cooper Cameron Corporation, for $180 million as part of its strategy to grow its global business. Rolls-Royce will also acquire the En-Tronic division, which makes control systems for use on both compression and reciprocating equipment packages.