Siemens sells aerospace startup to Rolls-Royce

FILE PHOTO: The logo of Rolls Royce is pictured on an engine of an Airbus A330-800 aircraft after a flight event presentation in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau - Copyright REGIS DUVIGNAU(Reuters)

By Reuters

Published on 18/06/2019 - 12:04•Updated 25/04/2024 - 20:06

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FRANKFURT (Reuters) - Siemens struck a deal to sell its in-house startup Siemens eAircraft to Rolls-Royce for an undisclosed sum, it said on Tuesday.

Siemens eAircraft, which develops electric and hybrid-electric propulsion systems for the aerospace industry, has about 180 employees.

(Reporting by Christoph Steitz; Editing by Tassilo Hummel)

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Siemens sells aerospace startup to Rolls-Royce

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