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Rolls
Royce bought Vickers marine in September 1999 at
a cost of £576m, paying some 53% above the
share value, which rocked the stock market and
confidence in the business strategy. The
deal was concluded in les than a week by Rolls
Royce chairman Sir Ralph Robins and Vickers
chairman Sir Colin Chandler and so the famous
British engineering company entered the marine
market with the aim of creating a marine arm to
mirror the success of their aerospace division.
Managing director, Bob
Sunerton, said we need to
gain access to the commercial marine market in
growth areas such as the booming cruise ship
market, water jets, etc. Rolls Royce is
also keen to promote its gas turbine
replacements to traditional diesel engines for
warships and super fast cargo vessels.
Hence growth in the marine market is mainly on
the back of expected naval orders.
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Rolls-Royce
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Rolls-Royce
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IBC Building
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Rolls-Royce
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Rolls-Royce
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Rolls-Royce
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Rolls-Royce
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Rolls-Royce
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Rolls-Royce
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Speed code S-07
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Rolls-Royce
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9500 Cote de Liesse Road
Lachine
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Quebec
H8T 1A2
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