In its press release dated February 4, 2021 Rolls-Royce confirmed its deal on selling Bergen Engines to the Russian TMH Group.

Rolls-Royce has signed an agreement to sell the Bergen Engines medium speed gas and diesel engines business to TMH International, the international branch of TMH Group, for net proceeds of approximately EUR 150m.

TMH Group, based in Russia, is a leading engineering company in rail transport technologies and the world’s fourth largest supplier of rail rolling stock. It offers a full range of products and services including medium-speed engines for rail applications with current production of more than 850 engines a year. Established in 2002, TMH is privately-owned and employs 100,000 people across 25 sites worldwide. The acquisition of Bergen Engines, based in Bergen, Norway, is part of TMH’s strategy to diversify its business activities, expand its product portfolio and international footprint.

Bergen Engines will be operated as a stand-alone business by TMH International, which is headquartered in Switzerland. TMH International already operates in Argentina, Cuba, Egypt, Germany, Hungary, Israel and South Africa.

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