TMH-international, the international division of TMX, has agreed to purchase the British Rolls-Royce Group engine plant in Bergen, Norway. The plant makes Bergen diesel and natural gas engines.
Bergen includes metal processing, assembling, precise casting, repair workshops, design bureau and service network in seven countries.
With the purchase of Bergen Engines, TMH international is considering expanding into the global engine market. First, it would consider NG engines for isolated power systems, providing electric power in small population centers or large industrial enterprises.
Since being founded in 1946, Bergen has produced more than 7,000 engines, and 5,000 of them are still working. Today, Bergen Engines employs 900 workers.
PSR Analysis: Transmash-Holding has several engine and OE plants in its portfolio. It includes such engine makers as Kolomna diesel and Penzadieselmash. Therefore, one purpose of the deal may be to obtain technologies for HHP engines production. Bergen Engines generated sales of 239 million British Pounds (with losses of 18 million) in 2019. PSR
Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research.
