Linklaters has advised Siemens on the acquisition of Rolls-Royce Energy’s gas turbine and compressor business. By acquiring the small and medium-sized gas turbines with a capacity of up to 66 megawatt, Siemens will supplement its comprehensive gas turbines portfolio. In addition, Siemens has agreed on a long-term technology partnership with Rolls-Royce under the terms of which it will have access to gas turbines with capacities from 4 to 85 megawatt developed by Rolls-Royce.

As a result of the deal, Siemens will strengthen its position in the growing oil and gas sector and with respect to decentralised power generation. Subject to approval by the competent authorities, the transaction is expected to be completed by the end of 2014.

The Rolls-Royce Energy gas turbine and compressor business is one of the leading suppliers of aero-derivative gas turbines. With about 2400 employees, they generated sales of £871 million (approx. €1.1 billion) and earnings before interest and taxes (EBIT) of £72 million (approx. €88 million) in this segment in the 2013 financial year. With about 2500 installed gas turbines, Rolls-Royce Energy has the second largest fleet of aero-derivative gas turbines.

Linklaters (Munich, London): A Linklaters team led by Nick Rees, Iain Wagstaff (Corporate, London) and Dr Rainer Traugott (Corporate, Munich) advised on the deal. The team also included Dr Timo Engelhardt (Corporate, Munich), Ben Carroll (Dispute Resolution, London), Dr Konrad Berger (TMT, Munich), Dr Florian Harder (Corporate, Munich), Derek Tong (Corporate, London) and Hanno Witt (Corporate, Munich).