ENP Newswire - 02 July 2014
Release date- 01072014 - Rolls-Royce today announced the merger of two wholly owned subsidiaries, Aero Engine Controls and Optimized Systems and Solutions, to form a new business, Controls and Data Services, which will continue to operate as part of the Rolls-Royce Group.
The new business will bring together equipment sensors, controls and monitoring systems with performance analysis and health management services, delivering greater asset intelligence at a faster pace.
Colin Smith, Rolls-Royce, Director of Engineering and Technology, said: 'Being world leaders in controls and data analysis is key in supporting Rolls-Royce's promise of better power for a changing world. With the creation of Controls and Data Services, Rolls-Royce will be able to provide an integrated end to end capability that will enhance our asset lifecycle management solutions.'
Harry Holt, President of Controls and Data Services, said: 'It is my great privilege to be leading this new business. Our aim is to be the world's best provider of power system controls and intelligence. Through monitoring, capturing, analysing and managing equipment data we will be able to provide the insight to optimise asset cost and performance. Both OSyS and AEC have heritages they are proud of, giving me the utmost confidence the new combined business will deliver even greater results in safety critical controls, equipment health management and operational efficiency.'
Controls and Data Services will operate across all Rolls-Royce market sectors, Civil and Defense aerospace, Industrial Power and Marine. The business will continue to support current customers in High Integrity Controls and Monitoring and Data Solutions functions, strengthening the current offering while building new integrated capability.
About Rolls-Royce Holdings plc
1. Rolls-Royce's vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc.
On 16 April 2014, the valuation was agreed and the transaction is expected to complete within the coming months, subject to the usual regulatory approvals. On 6 May 2014Rolls-Royce announced it had signed an agreement to sell its Energy gas turbine and compressor business to Siemens for a GBP785m cash consideration. On completion, expected before the end of December 2014, Rolls-Royce will receive a further GBP200 million for a 25 year licensing agreement.
3. Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers, including 70 navies, and 1,600 energy and nuclear customers.
4. Our business is focused on the 4Cs:
Customer - placing the customer at the heart of our business
Concentration - deciding where to grow and where not to
Cost - continually looking to increase efficiency
Cash - improving financial performance.
5. Annual underlying revenue was GBP15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at GBP71.6 billion at 31 December 2013.
6. In 2013, Rolls-Royce invested GBP1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
7. Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.
9. Aero Engine Controls (AEC), part of the Rolls-Royce Group, provides a single solution for the design, manufacture, procurement, testing and support of high integrity, harsh environment control systems. This includes safety critical software, electronic, electrical and hydro-mechanical products for the large civil, regional & business, helicopter and defence markets. AEC employs over 1700 skilled people in engineering, manufacturing, service and office facilities in the UK (Belfast, Birmingham and Derby) and USA (Indianapolis).
10. Optimized Systems and Solutions (OSyS) is a wholly-owned subsidiary of Rolls-Royce Group plc, with 436 employees serving over 300 companies around the world. OSyS core competencies are built on software and consulting expertise for intelligent data management services including predictive analytics that drive equipment health monitoring and management.
For over a decade OSyS had been delivering data intelligence to inform decision-makers, enabling customers to make the right decisions at the right time. OSyS locations are in US (Indianapolis, Houston, California), UK (Derby, Bristol) NZ (Wellington).
Rolls-Royce Group plc
Tel: +44 (0)20 7227 9140