Woodward buys L’Orange from Rolls-Royce in £610m deal
In a move to further shore up its balance sheet, Rolls-Royce has agreed to sell its subsidiary fuel injection technology firm, L’Orange, to Colorado-based Woodward in a £610m (US$860m) deal. The transaction should be completed by the end of September this year. According to Rolls-Royce, the sale of L’Orange will “improve resilience” of the balance […]
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