Strategic Cooperation Agreement in the US power market signed
Augsburg, Germany, July 2014 – The engine producers MAN Diesel & Turbo and Fairbanks Morse have finalized a strategic agreement to cooperate in the US market for gas and dual-fuel engines. The companies agreed on an exclusive cooperation in the power sector for a fixed period of 5 years. The document was signed by Marvin Riley, President of Fairbanks Morse and Howard Barnes, Senior Vice President Power Plants at MAN Diesel & Turbo during a ceremony in Augsburg, Germany on June 26 2014.
About MAN Diesel & Turbo
MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications. It designs two-stroke and four-stroke engines that are manufactured both by the company and by its licensees. The engines have power outputs ranging from 450 kW to 87 MW. MAN Diesel & Turbo also designs and manufactures gas turbines of up to 50 MW, steam turbines of up to 150 MW and compressors with volume flows of up to 1.5 million m³/h and pressures of up to 1,000 bar. The product range is rounded off by turbochargers, propellers, gas engines and chemical reactors. MAN Diesel & Turbo’s range of goods includes complete marine propulsion systems, turbomachinery units for the oil & gas as well as the process industries and complete power plant solutions. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand. The company employs around 14,500 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. MAN Diesel & Turbo is a company in the Power Engineering business area of MAN SE.