Takeover offer sucessful

Following the expiry of the acceptance period for its public takeover offer for Tognum AG, Daimler AG and Rolls-Royce Holdings plc now hold a total of 59.87 per cent of Tognum shares through their Joint Venture Engine Holding GmbH.

The bidders received acceptance declarations for an expected equivalent of 58.35 per cent of the share capital of Tognum AG (about 76,657,611 million shares). The current total of 59.87 also includes around 1.5 per cent of the share capital (about 2 million shares) that was acquired by the Joint Venture on the stock market during the acceptance period.

By combining the strengths, technology and market access of Daimler, Rolls-Royce and Tognum, the joint venture will establish a leading industrial engine systems and solutions company, offering a broad portfolio of products, services and integrated solutions on a worldwide basis.