Luxurious car brand Rolls-Royce has confirmed the agreement to sell its Bergen Engines subsidiary to Langley Holdings for a sum of 37 billion Naira.
The sale covers the Bergen Engines factory, service workshop and foundry in Norway; engine and power plant design capability, and a global service network.
Bergen, which has a total of 900 employees worldwide including 650 in the main factory in Norway generated revenues of around 119Bn in 2020.
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According to Rolls Royce, approval of the Norwegian government is being sought, as the Norweigan blocked a deal to sell Bergen to a Russian group earlier this year on national security grounds.
Langley is headquartered in the UK and also has operations in Germany, Italy, France, and a substantial presence in the US. It already supplies mechanical handling equipment for the Ministry of Defence’s submarine missile loading facility at Coulport, Scotland.
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