Rolls-Royce completes acquisition of Siemens’ electric and hybrid-electric aerospace propulsion business

Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business), following a period of employee consultation. The timely execution of the deal, announced in June this year, underlines the fit of these activities to our strategy to ‘champion electrification’ and will help accelerate our ambitions as we look to play a major role in the ‘third era’ of aviation. Rob Watson, director – Rolls-Royce Electrical, said: “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition. We are welcoming our