The Leeds office of Gateley Legal has advised Langley Holdings plc on the acquisition of Bergen Engines AS from Rolls-Royce.
Rolls-Royce has sold its Bergen Engines medium-speed liquid fuel and gas engines business to global engineering group Langley Holdings plc for an enterprise value of an estimated €91m.
Langley has funded both the deal and future funding requirements for the Bergen Engines business going forward, from existing cash reserves. The sale includes the Bergen Engines factory, service workshop and foundry in Norway, engine and power plant design capability, and a global service network spanning more than seven countries.
Corporate partner at Gateley Legal, David Armitage, led on the deal. He commented: “We were pleased to have been able to deliver another great result for Langley. They are a longstanding and much-valued client, and we look forward to working with them again in future.”
The Leeds office of Gateley Legal is celebrating its ten-year anniversary in 2022 having opened its city centre base in January 2012 with just six members of staff. It is now home to over 100 professionals.