Turbomeca buys Rolls-Royce's helicopter engine program stake for EUR293 million
Turbomeca recently purchased Rolls-Royce's 50% stake in the RTM322 Adour engine program for EUR293 million or USD386 million.
Turbomeca by Safran is a French turbine manufacturer established in 1938. Aside from making low and medium-power turbine engines for helicopters, the company also produces turbine engines for aircraft, missiles and other turbines for marine and industrial applications.
In a statement said on Monday, the British auto maker would relinquish its ownership of design, production and support of its RTM322 engine to the French engine manufacturer. The acquisition deal also included a progression of transfer of its responsibilities in the operations of the helicopter program to Turbomeca over several years. Within the transition period, Rolls-Royce will provide support to Turbomeca and would ensure that all customers of RTM322 would continue to receive customer support.
The RTM322 engine powers helicopter varieties like the Apache, NH90 and EH101 Merlin. The deal would not include acquisitions of Hawk, Jaguar, and other helicopter engine programs in the British auto maker's portfolio.