LATEST NEWS

Siemens sells electric aircraft-propulsion business to Rolls-Royce

  • Agreement signed: Rolls-Royce to acquire eAircraft
  • Sale to accelerate development of sustainable air transport
  • Rolls-Royce intends to become the leading supplier of electric and hybrid-electric propulsion systems for aircraft
  • Siemens will continue to support the transition to electric aviation with its digital solutions portfolio
  • Closing expected in late 2019

Siemens and Rolls-Royce signed an agreement today at the International Paris Air Show in Le Bourget (France) for the sale of Siemens’ eAircraft unit. Through its Vision 2020+ company strategy, Siemens intends to sharpen its portfolio’s focus. For this reason, the company’s business with electric and hybrid-electric systems for aircraft will have substantially better growth perspectives with new owners closely connected to the aerospace industry. Closing is subject to the usual conditions and is expected to take place in late 2019. The partners have agreed not to disclose the financial details of the transaction.

“Our eAircraft team, under the leadership of Frank Anton, has made aviation history several times in the past ten years and is a pioneer in electric and hybrid-electric systems for aircraft,” said Roland Busch, CTO and COO of Siemens AG. “With Rolls-Royce, we’ve found a perfect home for this business and have placed its expertise in the hands of one of Airbus’ close partners. We will continue to cooperate with Rolls-Royce, in particular by making our digital solutions portfolio available in order to facilitate this major step toward sustainable, lower-emission aviation.”

As an in-house startup with around 180 employees, Siemens eAircraft develops electric and hybrid-electric propulsion systems for the aerospace industry. At locations in Munich and Erlangen (Germany) and Budapest (Hungary), the unit has been cooperating with partners like Airbus to create prototypes for propulsion systems with power ratings ranging from less than one hundred to several thousand kilowatts – for instance for the Airbus air taxi, the CityAirbus. To further drive the technology, eAircraft entered a development partnership with Airbus in 2016. Siemens has been researching and developing electric aircraft propulsion systems for about ten years, setting several records along the way.

Liat

Recent Posts

Reeco Raises $15M Series A Round to Modernize Hotel Procurement with AI-Driven Procure-to-Pay Platform

Funding will drive Reeco’s strategic growth initiatives as it streamlines back-of-house operations for North American…

2 days ago

Introducing RUBY-W2: u-blox’s first Wi-Fi 7 module for superior Apple® CarPlay and Android® Auto user experience

Connect more concurrent users with the advanced Wi-Fi 7 capabilities of the Snapdragon® Auto Connectivity…

2 days ago

Anritsu Extend Spectrum Measurement Frequency to Millimeter-wave Band with External Mixer from VDI or Eravant

- Supporting Millimeter-wave Band of Medical and Automotive Device Evaluations - Anritsu Corporation is pleased…

2 days ago

ROHM Offers the Industry’s Smallest* Terahertz Wave Oscillation and Detection Devices

Price range is less than one-tenth that of conventional devices while achieving remarkable space-savings ROHM…

2 days ago

MLX90617 Infrared Thermometer Revolutionizes Induction Hob Design

Tessenderlo-Ham, Belgium 15 January 2024 – Melexis unveils the MLX90617, an infrared thermometer for non-contact…

2 days ago

SiTime Precision Timing Enables New Architectures for More Efficient AI Datacenters

Uniquely Enables 3X Better Synchronization and 800G Network Connectivity in a 4X Smaller Footprint Solution…

3 days ago