MAN Energy Solutions sells gas turbine business

MAN Energy Solutions on June 20 announced the sale of its gas turbine business to CSIC Longjiang GH Gas Turbine Co (GHGT), a subsidiary of China State Shipbuilding Corporation (CSSC). The transaction is subject to regulatory approvals and other closing conditions, and the financial details have not been disclosed.

MAN Energy Solutions has been producing and servicing MGT gas turbines, with a maximum size of 8 MW, for mechanical drives and power generation at its sites in Oberhausen and Zurich. However, the gas turbine business is no longer central to the company's growth strategy, it said.

The sale includes a five-year site guarantee in Oberhausen and Zurich to ensure the continued development of the gas turbine series and preserve jobs under the new ownership. Existing customers will continue to be served by their existing contacts after the sale.

The gas turbine business currently employs approximately 80 people in Oberhausen and around 20 people in turbine maintenance at MAN PrimeServ in Zurich. The sale will not impact other employees or products and solutions at MAN Energy Solutions' sites in Oberhausen and Zurich.

The decision to divest the gas turbine business was part of MAN Energy Solutions' "Performance 2023" programme launched in 2020, which aims to transform the company into a solution provider for sustainable energy supply.

GHGT specialises in developing small and medium-sized gas turbines ranging from 5 to 50 MW. As a subsidiary of CSSC, GHGT focuses on high-performance and combustion technologies. The company's gas turbines are used for power generation, mechanical drives, and offshore engineering.