FRANKFURT - Teutonic maker technologist and Rolls-Royce are in "constructive discussions" concerning a takeover of Tognum, a Teutonic manufacturer of motors and turbines, technologist and Rolls-Royce said March 7.
The digit groups are interested in "acquiring the majority of Tognum in coequal shares," a evidence said, confirming a report by Manager Magazin.
The evidence added that "no test decisions on increasing the equity welfare hit been made."
Tognum is supported in Friedrichshafen, southern Germany.
Daimler, also the world's biggest heavy pushcart maker, already owns 28 proportionality of Tognum, a major bourgeois of Daimler's engines.
Tognum shares soared 21.27 proportionality to 22.44 euros in midday trading on the city stock mercantilism patch the MDax finger on which they are listed was 0.84 proportionality higher overall.
Daimler shares showed a acquire of 1.44 proportionality to 48.93 euros patch the main market DAX finger was 0.74 proportionality higher overall.
Tognum also builds motors for bulletproof vehicles and boats and posted income of 2.5 1000000000 euros ($3.5 billion) in 2009, a take it expected to reach again in 2010.
Defense News
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