MAN Nutzfahrzeuge will transfer part of its business involving high-speed engines to the group's sister company, MAN Diesel.
With effect from January 1, 2010, these activities will be integrated into MAN Diesel to form a Business Unit High Speed.
The new business unit will offer diesel and gas engines in a performance range from 70 to 1,400kW used in smaller working ships and in decentralised energy supplies, for instance as emergency gensets.
The MAN Diesel High Speed Business Unit will be based at the Nuremberg site, where engines will continue to be manufactured as previously by MAN Nutzfahrzeuge.
"High-speed engines fit into our product portfolio extremely well. On the one hand, we're able to logically supplement our product range, while on the other we're able to move into a new maritime segment that promises profitable growth for the future," said Dr Stephan Timmermann, the MAN Diesel Executive Board member who will be responsible for the High Speed business.
In 2008, sales stood at around US$310 million. MAN Diesel is looking to double that figure by 2015. However, the high-speed engines business is also being affected by the economic crisis, and MAN Diesel anticipates a drop in sales of around 30 percent in this sector for 2009.
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